Shell plc (SHEL) to Issue Quarterly Dividend of $0.72 on March 24th

Shell plc (NYSE:SHEL) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.716 per share by the energy company on Monday, March 24th. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69.

Shell has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Shell to earn $7.99 per share next year, which means the company should continue to be able to cover its $2.86 annual dividend with an expected future payout ratio of 35.8%.

Shell Stock Up 1.9 %

Shares of NYSE SHEL opened at $67.40 on Wednesday. Shell has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $206.06 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The firm has a 50-day moving average price of $64.33 and a 200 day moving average price of $67.03.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell will post 7.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $79.11.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.