SM Energy Company (SM) to Issue Quarterly Dividend of $0.20 on November 3rd

SM Energy Company (NYSE:SM) announced a quarterly dividend on Thursday, September 25th, RTT News reports. Stockholders of record on Friday, October 17th will be paid a dividend of 0.20 per share by the energy company on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 17th.

SM Energy has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SM Energy to earn $7.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.1%.

SM Energy Stock Performance

Shares of SM opened at $27.57 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a 50-day moving average of $27.11 and a 200-day moving average of $26.02. The company has a market cap of $3.17 billion, a PE ratio of 3.89 and a beta of 2.46. SM Energy has a one year low of $19.67 and a one year high of $46.42.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.23 by $0.27. The company had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the business posted $1.85 EPS. On average, equities research analysts predict that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.