Viper Energy Inc. (NASDAQ:VNOM) to Issue Dividend Increase – $0.38 Per Share

Viper Energy Inc. (NASDAQ:VNOM) declared a quarterly dividend on Monday, February 23rd. Investors of record on Thursday, March 5th will be given a dividend of 0.38 per share by the oil and gas producer on Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is a 15.2% increase from Viper Energy’s previous quarterly dividend of $0.33.

Viper Energy has increased its dividend payment by an average of 0.0%annually over the last three years. Viper Energy has a payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Viper Energy to earn $1.90 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 69.5%.

Viper Energy Stock Performance

VNOM traded up $0.53 during trading on Tuesday, hitting $45.49. The stock had a trading volume of 501,640 shares, compared to its average volume of 2,446,662. The firm has a market capitalization of $16.35 billion, a P/E ratio of 18.86, a PEG ratio of 28.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. Viper Energy has a twelve month low of $34.71 and a twelve month high of $48.23. The company’s 50-day moving average price is $40.10 and its 200 day moving average price is $38.74.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.51 million. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. The business’s revenue was up 87.6% on a year-over-year basis. During the same quarter last year, the business earned $2.04 EPS. On average, equities research analysts forecast that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.