Atmos Energy Corporation (ATO) to Issue Quarterly Dividend of $1.09 on December 7th

Atmos Energy Corporation (NYSE:ATO) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.09 per share by the utilities provider on Monday, December 7th. This represents a $4.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 9.0% increase from Atmos Energy’s previous quarterly dividend of $1.00.

Atmos Energy has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 41 consecutive years. Atmos Energy has a dividend payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atmos Energy to earn $9.78 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 40.9%.

Atmos Energy Stock Performance

ATO stock opened at $175.63 on Friday. The company has a 50-day simple moving average of $164.72 and a 200 day simple moving average of $174.22. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $29.68 billion, a P/E ratio of 20.64, a PEG ratio of 2.80 and a beta of 0.56. Atmos Energy has a fifty-two week low of $154.72 and a fifty-two week high of $192.51.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, November 4th. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.14 by $0.03. Atmos Energy had a net margin of 28.50% and a return on equity of 9.63%. The business had revenue of $837.00 million during the quarter, compared to analyst estimates of $873.77 million. During the same period in the prior year, the business earned $1.07 earnings per share. Sell-side analysts predict that Atmos Energy will post 9.05 earnings per share for the current fiscal year.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.