Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) to Issue $0.12 Quarterly Dividend

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Monday, September 21st will be given a dividend of 0.12 per share by the energy company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, September 21st.

Evolution Petroleum has raised its dividend payment by an average of 0.1%per year over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Evolution Petroleum to earn $0.03 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 1,600.0%.

Evolution Petroleum Price Performance

EPM opened at $3.84 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. Evolution Petroleum has a 1 year low of $3.19 and a 1 year high of $5.70. The stock has a fifty day moving average price of $3.69 and a 200 day moving average price of $4.14. The stock has a market cap of $138.05 million, a price-to-earnings ratio of -34.91 and a beta of 0.25.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.