Equinor ASA (NYSE:EQNR) Announces Quarterly Dividend of $0.37

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Tuesday, January 20th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.37 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, February 17th.

Equinor ASA has raised its dividend by an average of 0.3%annually over the last three years. Equinor ASA has a dividend payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 35.8%.

Equinor ASA Trading Up 2.5%

Shares of EQNR traded up $0.63 during mid-day trading on Wednesday, reaching $25.47. 1,664,585 shares of the company’s stock traded hands, compared to its average volume of 5,590,782. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.38. The stock’s 50-day moving average is $23.45 and its two-hundred day moving average is $24.27. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26. The stock has a market cap of $74.99 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.14 and a beta of 0.36.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). The business had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Equinor ASA had a net margin of 5.27% and a return on equity of 14.34%. Research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

About Equinor ASA

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.