Genie Energy Ltd. Announces Quarterly Dividend of $0.08 (NYSE:GNE)

Genie Energy Ltd. (NYSE:GNE) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.075 per share by the oil and gas producer on Friday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, May 17th.

Genie Energy has decreased its dividend payment by an average of 3.1% annually over the last three years.

Genie Energy Stock Down 0.3 %

Shares of NYSE GNE opened at $15.46 on Thursday. Genie Energy has a 52-week low of $12.95 and a 52-week high of $30.90. The firm has a fifty day moving average of $15.74 and a 200-day moving average of $20.35. The stock has a market capitalization of $422.99 million, a PE ratio of 30.92 and a beta of 0.17.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Monday, March 11th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. Genie Energy had a net margin of 2.99% and a return on equity of 24.06%. The company had revenue of $104.90 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Genie Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.