Vitesse Energy, Inc. (NYSE:VTS) Announces $0.44 Quarterly Dividend

Vitesse Energy, Inc. (NYSE:VTSGet Free Report) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.4375 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Vitesse Energy has a dividend payout ratio of 160.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vitesse Energy to earn $0.12 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 1,458.3%.

Vitesse Energy Stock Up 3.1%

NYSE VTS opened at $15.47 on Thursday. The stock has a fifty day moving average of $16.38 and a 200-day moving average of $18.39. The stock has a market capitalization of $645.34 million, a P/E ratio of -30.94 and a beta of 0.57. Vitesse Energy has a 52 week low of $15.00 and a 52 week high of $27.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

About Vitesse Energy

(Get Free Report)

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.

See Also

Dividend History for Vitesse Energy (NYSE:VTS)

Receive News & Ratings for Vitesse Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vitesse Energy and related companies with MarketBeat.com's FREE daily email newsletter.