Equinor ASA (EQNR) to Issue Quarterly Dividend of $0.30 on May 28th

Equinor ASA (NYSE:EQNRGet Free Report) declared a quarterly dividend on Tuesday, March 26th, Wall Street Journal reports. Stockholders of record on Thursday, May 16th will be given a dividend of 0.30 per share on Tuesday, May 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Wednesday, May 15th.

Equinor ASA has raised its dividend by an average of 15.7% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Equinor ASA has a payout ratio of 41.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Equinor ASA to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.0%.

Equinor ASA Price Performance

NYSE:EQNR opened at $28.53 on Monday. The company has a 50-day moving average of $27.12 and a 200-day moving average of $29.05. The company has a market capitalization of $89.07 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 3.43 and a beta of 0.85. Equinor ASA has a 52 week low of $24.44 and a 52 week high of $34.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th. Finally, TD Cowen began coverage on shares of Equinor ASA in a research report on Wednesday, April 24th. They issued a “hold” rating and a $28.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.25.

Check Out Our Latest Stock Analysis on Equinor ASA

Equinor ASA Company Profile

(Get Free Report)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

Further Reading

Dividend History for Equinor ASA (NYSE:EQNR)

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