W&T Offshore, Inc. (WTI) To Go Ex-Dividend on March 19th

W&T Offshore, Inc. (NYSE:WTI) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Thursday, March 19th will be given a dividend of 0.01 per share by the oil and gas company on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 19th.

W&T Offshore has a dividend payout ratio of -8.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W&T Offshore to earn ($0.43) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -9.3%.

W&T Offshore Stock Performance

Shares of NYSE WTI opened at $3.14 on Friday. W&T Offshore has a 52-week low of $1.09 and a 52-week high of $3.48. The firm has a market capitalization of $467.17 million, a price-to-earnings ratio of -3.17 and a beta of 0.26. The stock has a 50 day moving average price of $2.17 and a 200 day moving average price of $1.98.

About W&T Offshore

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.