SM Energy Company (NYSE:SM) Announces $0.22 Quarterly Dividend

SM Energy Company (NYSE:SM) declared a quarterly dividend on Monday, August 24th. Shareholders of record on Monday, September 7th will be given a dividend of 0.22 per share by the energy company on Monday, September 21st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 4th.

SM Energy has raised its dividend payment by an average of 1.2%per year over the last three years and has raised its dividend every year for the last 4 years. SM Energy has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SM Energy to earn $8.32 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 10.6%.

SM Energy Stock Performance

Shares of SM stock opened at $36.48 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $28.99. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 7.18 and a beta of 0.73. SM Energy has a 12-month low of $17.45 and a 12-month high of $38.25.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.SM Energy’s revenue was up 215.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, equities analysts forecast that SM Energy will post 7.36 EPS for the current year.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.