Adams Resources & Energy Inc. (AE) to Issue Quarterly Dividend of $0.22 on December 19th
Adams Resources & Energy Inc. (NYSEMKT:AE) announced a quarterly dividend on Tuesday, November 8th. Investors 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 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, December 1st.
Shares of Adams Resources & Energy (NYSEMKT:AE) opened at 41.65 on Friday. The firm’s market capitalization is $175.64 million. The company’s 50-day moving average price is $38.13 and its 200 day moving average price is $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 released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.51) earnings per share (EPS) for the quarter. The firm earned $256.88 million during the quarter, compared to analyst estimates of $439.89 million. During the same period in the prior year, the company posted ($0.07) earnings per share.
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Separately, TheStreet cut Adams Resources & Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 8th.
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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