Noble Corporation PLC (NE) to Distribute Quarterly Dividend of $0.50 on September 24th

Noble Corporation PLC (NYSE:NE) declared a quarterly dividend on Monday, July 27th. Investors of record on Thursday, September 3rd will be given a dividend of 0.50 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 3rd.

Noble has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Noble to earn $2.12 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 94.3%.

Noble Price Performance

NE stock opened at $45.88 on Tuesday. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 49.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The company has a 50 day simple moving average of $41.94 and a 200 day simple moving average of $45.69. Noble has a 1 year low of $26.69 and a 1 year high of $54.98.

Noble (NYSE:NE) last issued its earnings results on Monday, July 27th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The company had revenue of $719.69 million during the quarter, compared to analyst estimates of $697.98 million. Noble had a net margin of 4.88% and a return on equity of 1.93%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. Research analysts anticipate that Noble will post 0.54 EPS for the current fiscal year.

Noble Company Profile

Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.

Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.