LandBridge Company LLC (NYSE:LB) Announces Quarterly Dividend of $0.10

LandBridge Company LLC (NYSE:LB) announced a quarterly dividend on Wednesday, November 12th. Stockholders of record on Thursday, December 4th will be paid a dividend of 0.10 per share on Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, December 4th.

LandBridge has a payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LandBridge to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.8%.

LandBridge Price Performance

LB stock opened at $81.16 on Thursday. The business’s fifty day moving average price is $56.98 and its 200 day moving average price is $62.21. LandBridge has a 12-month low of $48.55 and a 12-month high of $87.60. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $6.21 billion, a PE ratio of 159.13 and a beta of 0.15.

LandBridge Company Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.