Genie Energy Ltd. (NYSE:GNE) Declares Quarterly Dividend of $0.07

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 13th will be given a dividend of $0.0750 per share by the oil and gas producer on Monday, November 23rd. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 13th.

Genie Energy Stock Performance

Genie Energy stock traded down $0.37 during midday trading on Thursday, reaching $16.72. The stock had a trading volume of 124,136 shares, compared to its average volume of 72,371. The firm’s 50-day moving average price is $16.16 and its 200 day moving average price is $14.67. The firm has a market capitalization of $440.12 million, a PE ratio of 20.64 and a beta of 0.30. Genie Energy has a 12 month low of $12.69 and a 12 month high of $17.50. The company has a quick ratio of 2.75, a current ratio of 2.89 and a debt-to-equity ratio of 0.03.

Genie Energy (NYSE:GNE) last issued its earnings results on Thursday, November 5th. The oil and gas producer reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Genie Energy had a return on equity of 12.80% and a net margin of 5.05%. The business had revenue of $127.24 million during the quarter, compared to the consensus estimate of $122.00 million.

Genie Energy Company Profile

Genie Energy Ltd. is an energy services company that provides electricity and natural gas to residential and small-business customers through retail energy businesses. Its offerings may include energy supply plans, renewable energy options and related services, with operations conducted through a portfolio of brands and subsidiaries.

The company’s retail energy activities have historically included serving customers in U.S. deregulated energy markets, where consumers can select an independent supplier rather than purchasing supply directly from a regulated utility.