Shell PLC Unsponsored ADR (SHEL) To Go Ex-Dividend on November 13th

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

Shell has raised its dividend payment by an average of 0.1% annually over the last three years. Shell has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE:SHEL opened at $97.29 on Wednesday. The stock has a market capitalization of $278.71 billion, a PE ratio of 8.45, a P/E/G ratio of 0.82 and a beta of 0.07. Shell has a 1-year low of $68.63 and a 1-year high of $109.37. The firm has a fifty day simple moving average of $99.36 and a 200 day simple moving average of $89.13. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $93.25 billion. On average, research analysts expect that Shell will post 12.40 EPS for the current fiscal year.

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

About Shell

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.