Ecopetrol S.A. (NYSE:EC) announced an annual dividend on Wednesday, April 7th, Wall Street Journal reports. Investors of record on Wednesday, April 21st will be paid a dividend of 0.0932 per share by the oil and gas company on Thursday, April 29th. This represents a yield of 6.3%. The ex-dividend date is Tuesday, April 20th.
Ecopetrol has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ecopetrol to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 9.6%.
Ecopetrol stock traded up $0.14 during mid-day trading on Wednesday, hitting $12.74. 856,653 shares of the company’s stock were exchanged, compared to its average volume of 1,189,679. The firm has a market capitalization of $26.19 billion, a P/E ratio of 16.18 and a beta of 1.86. Ecopetrol has a fifty-two week low of $8.50 and a fifty-two week high of $14.47. The company has a quick ratio of 1.00, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The company’s 50 day simple moving average is $12.87 and its 200-day simple moving average is $12.01.
Ecopetrol SA operates as an integrated oil and gas company. The company operates through Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels segments. It engages in the exploration, production, and sale of oil and gas. It also transports and distributes hydrocarbons and derivative products.
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