SM Energy Company (NYSE:SM) Plans Quarterly Dividend of $0.20

SM Energy Company (NYSE:SM) declared a quarterly dividend on Tuesday, December 16th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.20 per share by the energy company on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 26th.

SM Energy has increased its dividend by an average of 0.5%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 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect SM Energy to earn $7.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.1%.

SM Energy Trading Up 2.4%

Shares of NYSE SM opened at $18.72 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $24.31. SM Energy has a 52-week low of $17.58 and a 52-week high of $44.95. The stock has a market capitalization of $2.14 billion, a P/E ratio of 2.95 and a beta of 1.16.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. The business had revenue of $811.59 million during the quarter, compared to the consensus estimate of $838.24 million. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. On average, analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.