Viper Energy Inc. (NASDAQ:VNOM) Shares to Pay Quarterly Dividend of $0.50

Viper Energy Inc. (NASDAQ:VNOM) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.50 per share by the oil and gas producer on Thursday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, November 12th.

Viper Energy has raised its dividend by an average of 0.3% annually over the last three years. Viper Energy has a payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Viper Energy to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 53.5%.

Viper Energy Stock Down 4.1%

Shares of Viper Energy stock opened at $45.72 on Tuesday. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 351.72 and a beta of 0.50. The company’s 50 day moving average is $43.85 and its 200 day moving average is $44.33. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.13. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The business had revenue of $661.00 million during the quarter, compared to the consensus estimate of $625.18 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 58.1% on a year-over-year basis. Research analysts anticipate that Viper Energy will post 2.83 EPS for the current year.

About Viper Energy

Viper Energy, Inc (NASDAQ: VNOM) owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company’s interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.

Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.