Geopark Ltd (NYSE:GPRK) Plans Quarterly Dividend of $0.02

Geopark Ltd (NYSE:GPRK) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.023 per share by the oil and gas company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 20th.

Geopark has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Geopark has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings.

Geopark Stock Performance

GPRK traded down $0.26 during midday trading on Thursday, hitting $9.15. 101,014 shares of the company were exchanged, compared to its average volume of 943,718. The company’s 50 day simple moving average is $9.09 and its 200 day simple moving average is $8.19. The firm has a market capitalization of $473.15 million, a price-to-earnings ratio of 9.72 and a beta of 0.35. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 2.18. Geopark has a 1-year low of $5.75 and a 1-year high of $10.34.

Geopark (NYSE:GPRK) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter. The company had revenue of $128.40 million for the quarter. Geopark had a return on equity of 39.05% and a net margin of 10.09%.

About Geopark

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.