Woodside Energy Group Ltd (NYSE:WDS) Declares Dividend Increase – $0.53 Per Share

Woodside Energy Group Ltd (NYSE:WDS) announced a semi-annual dividend on Wednesday, August 20th, Wall Street Journal reports. Investors of record on Friday, August 29th will be given a dividend of 0.53 per share on Wednesday, September 24th. This represents a yield of 700.0%. The ex-dividend date is Friday, August 29th. This is a 3.9% increase from Woodside Energy Group’s previous semi-annual dividend of $0.51.

Woodside Energy Group has a payout ratio of 151.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Woodside Energy Group Trading Up 1.6%

Shares of WDS opened at $16.8650 on Thursday. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $18.44. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $16.45 and its two-hundred day moving average is $14.91. The stock has a market cap of $32.02 billion, a PE ratio of 20.57 and a beta of 0.67.

Institutional Trading of Woodside Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Woodside Energy Group by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 36,997 shares of the company’s stock worth $577,000 after buying an additional 1,417 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Woodside Energy Group by 71.0% during the fourth quarter. Russell Investments Group Ltd. now owns 19,659 shares of the company’s stock worth $307,000 after buying an additional 8,164 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Woodside Energy Group during the fourth quarter worth approximately $6,554,000. Mariner LLC increased its stake in shares of Woodside Energy Group by 37.4% during the fourth quarter. Mariner LLC now owns 91,564 shares of the company’s stock worth $1,428,000 after buying an additional 24,926 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Woodside Energy Group by 24.5% during the fourth quarter. Guggenheim Capital LLC now owns 22,407 shares of the company’s stock worth $350,000 after buying an additional 4,405 shares during the period. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.