Vitesse Energy, Inc. (NYSE:VTS) Announces Quarterly Dividend of $0.44

Vitesse Energy, Inc. (NYSE:VTS) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.4375 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Monday, March 16th.

Vitesse Energy has a dividend payout ratio of 206.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vitesse Energy to earn $1.16 per share next year, which means the company may not be able to cover its $2.25 annual dividend with an expected future payout ratio of 194.0%.

Vitesse Energy Stock Down 11.1%

Shares of Vitesse Energy stock traded down $2.46 during trading on Thursday, reaching $19.67. The company had a trading volume of 415,759 shares, compared to its average volume of 374,876. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. Vitesse Energy has a fifty-two week low of $18.84 and a fifty-two week high of $27.15. The firm’s fifty day moving average is $20.38 and its 200-day moving average is $22.12. The company has a market cap of $760.45 million, a price-to-earnings ratio of 39.42 and a beta of 0.63.

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.