Ecopetrol S.A. (NYSE:EC) to Issue Annual Dividend of $0.66

Ecopetrol S.A. (NYSE:ECGet Free Report) declared an annual dividend on Tuesday, March 31st. Investors of record on Wednesday, April 29th will be paid a dividend of 0.6612 per share by the oil and gas company on Thursday, May 7th. This represents a yield of 436.0%. The ex-dividend date of this dividend is Wednesday, April 29th.

Ecopetrol has raised its dividend payment by an average of 0.1%annually over the last three years. Ecopetrol has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ecopetrol to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 33.8%.

Ecopetrol Stock Down 0.1%

Shares of Ecopetrol stock opened at $13.79 on Monday. The company has a market cap of $28.34 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.89 and a beta of 0.49. The company’s 50 day moving average is $13.64 and its 200 day moving average is $11.53. Ecopetrol has a twelve month low of $7.80 and a twelve month high of $15.62. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 0.91.

Ecopetrol (NYSE:ECGet Free Report) last issued its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.20 earnings per share for the quarter. The company had revenue of $7.64 billion for the quarter. Ecopetrol had a net margin of 7.64% and a return on equity of 10.89%. Research analysts anticipate that Ecopetrol will post 1.13 EPS for the current year.

About Ecopetrol

(Get Free Report)

Ecopetrol SA (NYSE: EC) is Colombia’s state-controlled integrated oil and gas company and the country’s largest oil producer. The company’s operations span the upstream, midstream and downstream segments of the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refining of petroleum products, transportation and storage via pipeline networks, and the marketing and sale of fuels and petrochemical feedstocks. Ecopetrol serves domestic demand in Colombia and maintains a portfolio of international investments and partnerships across the Americas.

In upstream activities, Ecopetrol focuses on exploration and development of onshore and offshore fields to sustain and grow hydrocarbon production.

See Also

Dividend History for Ecopetrol (NYSE:EC)

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