Woodside Energy Group Ltd (NYSE:WDS) Declares $0.59 Dividend

Woodside Energy Group Ltd (NYSE:WDS) announced a dividend on Tuesday, February 24th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.59 per share on Friday, March 27th. This represents a yield of 594.0%. The ex-dividend date is Friday, March 6th.

Woodside Energy Group has increased its dividend payment by an average of 0.0%per year over the last three years. Woodside Energy Group has a payout ratio of 145.7% indicating that 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 2.1%

Shares of WDS traded up $0.41 during midday trading on Wednesday, reaching $19.98. The company had a trading volume of 587,594 shares, compared to its average volume of 920,466. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $20.12. The firm has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $16.44. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.