Eni SpA (NYSE:E) Plans $0.63 Quarterly Dividend

Eni SpA (NYSE:E – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, September 22nd will be paid a dividend of 0.6276 per share by the oil and gas exploration company on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

ENI has raised its dividend by an average of 0.1%per year over the last three years. ENI has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect ENI to earn $5.62 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 30.8%.

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ENI Price Performance

NYSE E opened at $54.60 on Friday. The business has a 50 day simple moving average of $53.78 and a 200 day simple moving average of $52.92. ENI has a 52-week low of $34.03 and a 52-week high of $58.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23. The stock has a market cap of $92.17 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.23 and a beta of 0.38.

ENI (NYSE:E – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The firm had revenue of $25.87 billion for the quarter, compared to analyst estimates of $27.93 billion. Analysts anticipate that ENI will post 6.19 earnings per share for the current fiscal year.

About ENI

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Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.

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