Evolution Petroleum Corporation, Inc. (EPM) to Distribute Quarterly Dividend of $0.12 on September 30th

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Monday, September 21st will be given a dividend of 0.12 per share by the energy company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, September 21st.

Evolution Petroleum has raised its dividend by an average of 0.1%per year over the last three years. Evolution Petroleum has a payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Price Performance

NYSEAMERICAN EPM opened at $3.86 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.92 and a debt-to-equity ratio of 0.94. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.49. The firm has a market capitalization of $138.77 million, a P/E ratio of -48.25 and a beta of 0.25. The company has a 50-day moving average price of $3.70 and a 200-day moving average price of $4.12.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings results on Tuesday, September 15th. The energy company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Evolution Petroleum had a negative return on equity of 5.41% and a negative net margin of 2.81%.The firm had revenue of $24.21 million during the quarter, compared to the consensus estimate of $23.23 million. Equities research analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Evolution Petroleum

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Evolution Petroleum in the 2nd quarter valued at $8,894,000. WealthTrust Axiom LLC lifted its stake in shares of Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after purchasing an additional 166,624 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Evolution Petroleum during the second quarter valued at about $312,000. Bank of America Corp DE bought a new stake in Evolution Petroleum during the second quarter valued at about $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Evolution Petroleum in the second quarter valued at about $198,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent energy company engaged in the acquisition, development, and operation of oil and natural gas properties. The company focuses primarily on mature, long-life assets in the United States, with an emphasis on properties that can benefit from enhanced oil recovery, operational improvements, and additional development.

Evolution Petroleum’s flagship asset is its interest in the Delhi Field in northeastern Louisiana, where carbon dioxide is used in a miscible flood program to increase oil recovery from an established reservoir.