PBF Energy Inc. (PBF) to Issue Quarterly Dividend of $0.28 on August 28th

PBF Energy Inc. (NYSE:PBF) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.275 per share by the oil and gas company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th.

PBF Energy has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years. PBF Energy has a payout ratio of 220.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect PBF Energy to earn $8.84 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 12.4%.

PBF Energy Trading Up 4.3%

PBF opened at $69.16 on Wednesday. The stock has a market cap of $8.20 billion, a PE ratio of 6.12, a PEG ratio of 0.08 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $52.60 and a 200-day moving average of $44.63. PBF Energy has a 52 week low of $21.82 and a 52 week high of $74.74.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. The company had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.03) earnings per share. Equities research analysts predict that PBF Energy will post 15.74 earnings per share for the current fiscal year.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.