EQT Corporation (NYSE:EQT) Plans Quarterly Dividend of $0.17

EQT Corporation (NYSE:EQT) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.165 per share by the oil and gas producer on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 5th.

EQT has increased its dividend by an average of 0.8%per year over the last three years and has raised its dividend every year for the last 3 years. EQT has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect EQT to earn $3.73 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.7%.

EQT Stock Performance

Shares of EQT opened at $49.28 on Thursday. The company has a 50-day simple moving average of $53.55 and a two-hundred day simple moving average of $56.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $30.82 billion, a PE ratio of 9.35 and a beta of 0.55. EQT has a one year low of $47.94 and a one year high of $68.24.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. EQT had a return on equity of 9.74% and a net margin of 31.94%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business earned $1.18 EPS. On average, analysts anticipate that EQT will post 4.26 EPS for the current fiscal year.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.