Equinor ASA (EQNR) to Issue Quarterly Dividend of $0.39 on May 27th

Equinor ASA (NYSE:EQNR – Get Free Report) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, May 15th will be paid a dividend of 0.39 per share on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, May 15th. This is a 5.4% increase from Equinor ASA’s previous quarterly dividend of $0.37.

Equinor ASA has raised its dividend by an average of 0.2%per year over the last three years. Equinor ASA has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $4.08 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 31.4%.

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Equinor ASA Stock Up 0.9%

Shares of NYSE EQNR opened at $38.55 on Wednesday. The firm’s 50-day simple moving average is $37.93 and its 200 day simple moving average is $29.41. The company has a market cap of $113.52 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.07. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46.

Equinor ASA (NYSE:EQNR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.47. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%.The firm had revenue of $28.40 billion for the quarter, compared to the consensus estimate of $28.73 billion. On average, research analysts expect that Equinor ASA will post 5.06 earnings per share for the current fiscal year.

About Equinor ASA

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Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

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