Kimbell Royalty (KRP) to Distribute Quarterly Dividend of $0.45 on November 23rd

Kimbell Royalty (NYSE:KRP – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.45 per share by the energy company on Monday, November 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Monday, November 16th. This is a 4.3% decrease from Kimbell Royalty’s previous quarterly dividend of $0.47.

Kimbell Royalty has increased its dividend payment by an average of 0.1% annually over the last three years. Kimbell Royalty has a dividend payout ratio of 132.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kimbell Royalty to earn $1.11 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 169.4%.

Kimbell Royalty Price Performance

NYSE KRP opened at $15.16 on Friday. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $17.12. The firm has a market capitalization of $1.74 billion, a P/E ratio of 19.49 and a beta of 0.38. The firm’s fifty day simple moving average is $15.36 and its two-hundred day simple moving average is $14.81. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71.

Kimbell Royalty (NYSE:KRP – Get Free Report) last released its earnings results on Thursday, November 5th. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The business had revenue of $86.33 million during the quarter, compared to analyst estimates of $104.41 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Kimbell Royalty will post 1.10 EPS for the current fiscal year.

Kimbell Royalty Company Profile

(Get Free Report)

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.

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