Equinor ASA (EQNR) to Issue Quarterly Dividend of $0.39 on May 27th

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Thursday, February 5th. Investors of record on Friday, May 15th will be given a dividend of 0.39 per share on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. This is a 5.4% increase from Equinor ASA’s previous quarterly dividend of $0.37.

Equinor ASA has raised its dividend by an average of 0.3%per year over the last three years. Equinor ASA has a dividend payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 35.8%.

Equinor ASA Trading Up 4.1%

Shares of EQNR stock opened at $27.55 on Friday. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26. The stock’s fifty day moving average price is $24.19 and its two-hundred day moving average price is $24.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 1.27. The company has a market cap of $81.13 billion, a PE ratio of 14.50, a P/E/G ratio of 3.31 and a beta of 0.38.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.21. The business had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $21.31 billion. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%. Equities analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

About Equinor ASA

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.