Viper Energy Inc. Plans Special Dividend of $0.29 (NASDAQ:VNOM)

Viper Energy Inc. (NASDAQ:VNOM) announced a special dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.29 per share by the oil and gas producer on Thursday, August 20th. The ex-dividend date of this dividend is Thursday, August 13th.

Viper Energy has increased its dividend payment by an average of 0.3%per year over the last three years. Viper Energy has a payout ratio of 84.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Viper Energy to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 73.8%.

Viper Energy Stock Down 2.1%

Shares of NASDAQ:VNOM opened at $43.69 on Tuesday. The stock has a 50-day simple moving average of $43.76 and a 200-day simple moving average of $44.61. The stock has a market capitalization of $15.69 billion, a P/E ratio of -136.53 and a beta of 0.40. Viper Energy has a 1 year low of $35.10 and a 1 year high of $51.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $643.45 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. Viper Energy’s revenue for the quarter was up 127.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities analysts forecast that Viper Energy will post 2.42 earnings per share for the current year.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.