SM Energy Company (NYSE:SM) to Issue Dividend Increase – $0.22 Per Share

SM Energy Company (NYSE:SM) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be given a dividend of 0.22 per share by the energy company on Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, March 9th. This is a 10.0% increase from SM Energy’s previous quarterly dividend of $0.20.

SM Energy has increased its dividend by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. SM Energy has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NYSE:SM traded down $1.45 during midday trading on Thursday, reaching $20.60. The company’s stock had a trading volume of 4,584,634 shares, compared to its average volume of 6,590,397. The firm has a market capitalization of $2.36 billion, a PE ratio of 3.23 and a beta of 1.14. The stock has a fifty day moving average of $19.65 and a 200 day moving average of $21.87. SM Energy has a twelve month low of $17.45 and a twelve month high of $33.23. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The firm had revenue of $705.00 million for the quarter, compared to the consensus estimate of $764.40 million. During the same quarter in the prior year, the business earned $1.91 earnings per share. The company’s revenue was down 17.3% compared to the same quarter last year. On average, equities analysts expect that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.