Atmos Energy Corporation (NYSE:ATO – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 24th will be given a dividend of 1.00 per share by the utilities provider on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, August 24th.
Atmos Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 41 years. Atmos Energy has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Atmos Energy to earn $9.00 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.4%.
Atmos Energy Stock Performance
Shares of ATO stock opened at $172.47 on Thursday. The stock has a market capitalization of $28.79 billion, a PE ratio of 21.19, a PEG ratio of 3.00 and a beta of 0.60. The business’s 50 day simple moving average is $173.38 and its 200 day simple moving average is $178.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy has a one year low of $155.56 and a one year high of $192.51.
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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