Woodside Energy Group Ltd Announces Dividend of $0.59 (NYSE:WDS)

Woodside Energy Group Ltd (NYSE:WDS) declared a dividend on Tuesday, February 24th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.59 per share on Friday, March 27th. This represents a dividend yield of 594.0%. The ex-dividend date of this dividend is Friday, March 6th.

Woodside Energy Group has increased its dividend by an average of 0.0%annually over the last three years. Woodside Energy Group has a dividend payout ratio of 145.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Woodside Energy Group Price Performance

NYSE WDS traded up $0.41 during trading hours on Wednesday, hitting $19.98. The company’s stock had a trading volume of 989,584 shares, compared to its average volume of 932,310. Woodside Energy Group has a 12 month low of $11.26 and a 12 month high of $20.12. The company’s 50 day simple moving average is $16.82 and its two-hundred day simple moving average is $16.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

About Woodside Energy Group

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.