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

SM Energy Company (NYSE:SM) announced a quarterly dividend on Tuesday, May 26th. Investors of record on Monday, June 8th will be given a dividend of 0.22 per share by the energy company on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 8th.

SM Energy has increased its dividend payment by an average of 1.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. SM Energy has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect SM Energy to earn $8.04 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 10.9%.

SM Energy Trading Down 5.8%

Shares of SM stock opened at $31.80 on Wednesday. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 13.36 and a beta of 0.73. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $30.15 and a 200 day moving average price of $23.66. SM Energy has a twelve month low of $17.45 and a twelve month high of $35.88.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. Research analysts forecast that SM Energy will post 7.47 earnings per share for the current fiscal year.

About SM Energy

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.