Shell PLC Unsponsored ADR (NYSE:SHEL) Plans Quarterly Dividend of $0.78

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.7812 per share by the energy company on Monday, December 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 13th.

Shell has increased its dividend payment by an average of 0.1% per year over the last three years. Shell has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Shell to earn $10.98 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.4%.

Shell Stock Performance

Shares of SHEL opened at $97.29 on Wednesday. The firm has a fifty day moving average of $99.36 and a 200-day moving average of $89.13. The company has a market cap of $278.71 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.38. Shell has a 1 year low of $68.63 and a 1 year high of $109.37.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The firm had revenue of $92.85 billion for the quarter, compared to analysts’ expectations of $93.25 billion. As a group, equities analysts anticipate that Shell will post 12.40 earnings per share for the current year.

Shell announced that its Board of Directors has approved a stock buyback plan on Thursday, October 29th that permits the company to repurchase $5 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 1.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.

Shell Company Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging. The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.