Eni SpA (E) to Issue Quarterly Dividend of $0.61 on April 8th

Eni SpA (NYSE:E) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Tuesday, March 24th will be given a dividend of 0.6137 per share by the oil and gas exploration company on Wednesday, April 8th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a 5.5% increase from ENI’s previous quarterly dividend of $0.58.

ENI has increased its dividend by an average of 0.1%annually over the last three years. ENI has a payout ratio of 47.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 44.7%.

ENI Stock Performance

NYSE:E opened at $54.44 on Friday. ENI has a 1 year low of $24.65 and a 1 year high of $55.38. The firm’s fifty day simple moving average is $44.17 and its 200 day simple moving average is $39.16. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $91.89 billion, a PE ratio of 32.02 and a beta of 0.57.

ENI (NYSE:E) last released its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The firm had revenue of $24.33 billion during the quarter, compared to analyst estimates of $19.45 billion. On average, sell-side analysts anticipate that ENI will post 3.74 EPS for the current year.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.