Woodside Energy Group Ltd (WDS) to Distribute Dividend of $0.57 on September 25th

Woodside Energy Group Ltd (NYSE:WDS) announced a dividend on Tuesday, August 25th. Shareholders of record on Friday, September 4th will be given a dividend of 0.57 per share on Friday, September 25th. This represents a yield of 499.0%. The ex-dividend date of this dividend is Friday, September 4th.

Woodside Energy Group has increased its dividend payment by an average of 0.1%per year over the last three years. Woodside Energy Group has a payout ratio of 162.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Woodside Energy Group to earn $1.31 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 87.0%.

Woodside Energy Group Stock Performance

NYSE:WDS opened at $22.87 on Thursday. Woodside Energy Group has a fifty-two week low of $14.27 and a fifty-two week high of $25.19. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $21.61 and its 200-day simple moving average is $21.93.

Analyst Upgrades and Downgrades

WDS has been the subject of a number of recent research reports. Needham & Company LLC assumed coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday, June 8th. Bank of America assumed coverage on shares of Woodside Energy Group in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 target price for the company. Finally, Zacks Research raised shares of Woodside Energy Group to a “hold” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.21.

About Woodside Energy Group

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.