Evolution Petroleum Corporation, Inc. (EPM) To Go Ex-Dividend on March 16th

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 16th will be given a dividend of 0.12 per share by the energy company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Monday, March 16th.

Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Stock Performance

Shares of EPM stock traded down $0.07 during trading on Friday, reaching $4.69. 413,689 shares of the company’s stock were exchanged, compared to its average volume of 450,832. The stock has a market capitalization of $164.15 million, a PE ratio of 58.63 and a beta of 0.28. The firm’s fifty day moving average price is $4.07 and its 200-day moving average price is $4.32. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $5.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.