Woodside Energy Group Ltd (NYSE:WDS) Declares Dividend of $0.57

Woodside Energy Group Ltd (NYSE:WDSGet Free Report) declared a dividend on Tuesday, August 25th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.57 per share on Friday, September 25th. This represents a dividend yield of 499.0%. The ex-dividend date of this dividend is Friday, September 4th.

Woodside Energy Group has increased its dividend payment by an average of 0.1%annually over the last three years. Woodside Energy Group has a dividend payout ratio of 162.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Woodside Energy Group to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 80.3%.

Woodside Energy Group Stock Performance

NYSE WDS opened at $22.86 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46. The business’s 50 day moving average price is $21.55 and its 200-day moving average price is $21.90. Woodside Energy Group has a fifty-two week low of $14.27 and a fifty-two week high of $25.19.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WDS. TD Waterhouse Canada Inc. increased its stake in Woodside Energy Group by 87.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,394 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the period. Benjamin Edwards Inc. boosted its position in Woodside Energy Group by 6.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 92,952 shares of the company’s stock valued at $1,796,000 after buying an additional 5,291 shares during the period. GTS Securities LLC bought a new position in Woodside Energy Group in the 2nd quarter worth about $903,000. Corient Private Wealth LP increased its position in shares of Woodside Energy Group by 9.9% during the second quarter. Corient Private Wealth LP now owns 47,372 shares of the company’s stock worth $915,000 after acquiring an additional 4,277 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Woodside Energy Group by 16.7% during the second quarter. Jones Financial Companies Lllp now owns 35,995 shares of the company’s stock worth $682,000 after acquiring an additional 5,164 shares during the period. 3.17% of the stock is currently owned by institutional investors.

About Woodside Energy Group

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Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.

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Dividend History for Woodside Energy Group (NYSE:WDS)

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