LandBridge Company LLC (NYSE:LB) Announces Dividend Increase – $0.12 Per Share

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, March 5th will be given a dividend of 0.12 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, March 5th. This is a 20.0% increase from LandBridge’s previous quarterly dividend of $0.10.

LandBridge has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LandBridge to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.8%.

LandBridge Stock Up 14.8%

LB stock traded up $9.68 during mid-day trading on Thursday, hitting $75.15. 389,250 shares of the company were exchanged, compared to its average volume of 537,831. The firm has a fifty day simple moving average of $56.54 and a 200 day simple moving average of $56.59. The company has a market capitalization of $5.85 billion, a PE ratio of 107.35 and a beta of 0.43. LandBridge has a twelve month low of $43.75 and a twelve month high of $87.60. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LB. Piper Sandler boosted their price objective on LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, November 24th. Raymond James Financial lowered LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Janney Montgomery Scott cut LandBridge from a “buy” rating to a “neutral” rating in a research note on Thursday, November 13th. Finally, Zacks Research downgraded shares of LandBridge from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, LandBridge currently has a consensus rating of “Hold” and an average target price of $73.33.

LandBridge Company Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.