SemGroup Corp (NYSE:SEMG) declared a quarterly dividend on Monday, August 5th, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.472 per share by the pipeline company on Monday, August 26th. This represents a $1.89 dividend on an annualized basis and a yield of 19.27%. The ex-dividend date of this dividend is Wednesday, August 14th. This is a positive change from SemGroup’s previous quarterly dividend of $0.42.

SemGroup has increased its dividend payment by an average of 5.9% annually over the last three years. SemGroup has a payout ratio of 2,700.0% 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 SemGroup to earn ($0.44) per share next year, which means the company may not be able to cover its $1.89 annual dividend with an expected future payout ratio of -429.5%.

NYSE:SEMG traded down $0.20 during trading hours on Tuesday, reaching $9.80. The company’s stock had a trading volume of 47,452 shares, compared to its average volume of 918,773. The stock has a market cap of $779.55 million, a P/E ratio of -51.58 and a beta of 1.45. SemGroup has a 12 month low of $9.77 and a 12 month high of $26.15. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $11.76.

SemGroup (NYSE:SEMG) last released its quarterly earnings results on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.25). SemGroup had a positive return on equity of 1.17% and a negative net margin of 0.94%. The firm had revenue of $674.94 million during the quarter, compared to analysts’ expectations of $579.04 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. SemGroup’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that SemGroup will post -0.9 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 price target on shares of SemGroup in a report on Tuesday, May 28th. Citigroup raised shares of SemGroup from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, July 23rd. Barclays reaffirmed a “sell” rating and issued a $12.00 price target on shares of SemGroup in a report on Thursday, July 18th. Zacks Investment Research raised shares of SemGroup from a “strong sell” rating to a “hold” rating and set a $11.00 price target on the stock in a report on Wednesday, May 29th. Finally, TheStreet lowered shares of SemGroup from a “c-” rating to a “d+” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.31.

About SemGroup

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Dividend History for SemGroup (NYSE:SEMG)

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