Woodside Energy Group Ltd (NYSE:WDS) to Issue $0.57 Dividend

Woodside Energy Group Ltd (NYSE:WDS) announced a dividend on Tuesday, August 25th. Investors of record on Friday, September 4th will be given a dividend of 0.57 per share on Friday, September 25th. This represents a dividend yield of 499.0%. The ex-dividend date is Friday, September 4th.

Woodside Energy Group has increased its dividend by an average of 0.1%annually over the last three years. Woodside Energy Group has a dividend payout ratio of 162.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Woodside Energy Group to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 80.3%.

Woodside Energy Group Price Performance

Woodside Energy Group stock opened at $22.86 on Wednesday. Woodside Energy Group has a 1 year low of $14.27 and a 1 year high of $25.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59. The firm has a 50 day moving average price of $21.55 and a 200 day moving average price of $21.90.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.