Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) to Issue $0.12 Quarterly Dividend

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.12 per share by the energy company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Monday, June 15th.

Evolution Petroleum has increased its dividend payment by an average of 0.1%per year over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Evolution Petroleum to earn $0.04 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 1,200.0%.

Evolution Petroleum Stock Down 9.1%

Shares of NYSEAMERICAN EPM traded down $0.44 during mid-day trading on Wednesday, reaching $4.36. The company had a trading volume of 598,223 shares, compared to its average volume of 409,125. The stock has a fifty day moving average of $4.56 and a two-hundred day moving average of $4.19. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $152.43 million, a price-to-earnings ratio of 54.44 and a beta of 0.29. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $5.70.

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.