Genie Energy Ltd. (NYSE:GNE – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.075 per share by the oil and gas producer on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 22nd.
Genie Energy has decreased its dividend payment by an average of 0.0%per year over the last three years.
Genie Energy Price Performance
Shares of NYSE GNE opened at $13.35 on Friday. The firm has a market capitalization of $352.45 million, a P/E ratio of 16.69 and a beta of 0.20. Genie Energy has a one year low of $12.69 and a one year high of $28.47. The company’s fifty day moving average is $14.02 and its two-hundred day moving average is $14.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.38.
About Genie Energy
Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.
Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.
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