Adams Resources & Energy Inc. (AE) Plans $0.22 Quarterly Dividend
Adams Resources & Energy Inc. (NYSEMKT:AE) declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Monday, December 5th will be given a dividend of 0.22 per share on Monday, December 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 1st.
Adams Resources & Energy (NYSEMKT:AE) opened at 41.65 on Friday. The firm’s market capitalization is $175.64 million. The stock has a 50 day moving average price of $38.13 and a 200-day moving average price of $36.69. Adams Resources & Energy has a 12-month low of $29.64 and a 12-month high of $44.27.
Adams Resources & Energy (NYSEMKT:AE) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.51) earnings per share (EPS) for the quarter. The business earned $256.88 million during the quarter, compared to analysts’ expectations of $439.89 million. During the same period in the prior year, the firm posted ($0.07) earnings per share.
Separately, TheStreet lowered Adams Resources & Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th.
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About Adams Resources & Energy
Adams Resources & Energy, Inc, along with its subsidiaries, is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The Company’s segments include Marketing Segment, Transportation Segment, and Oil and Gas Segment. The Company manages its Marketing Segment through its subsidiary, Gulfmark Energy, Inc, which is engaged in marketing of crude oil.
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