LandBridge Company LLC (NYSE:LB) Declares Quarterly Dividend of $0.12

LandBridge Company LLC (NYSE:LB) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.12 per share on Thursday, December 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, November 25th.

LandBridge has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect LandBridge to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.9%.

LandBridge Stock Down 13.3%

Shares of LandBridge stock opened at $68.47 on Thursday. The company has a 50-day simple moving average of $83.60 and a two-hundred day simple moving average of $73.66. The stock has a market capitalization of $5.28 billion, a PE ratio of 60.59 and a beta of 0.19. LandBridge has a 52-week low of $43.75 and a 52-week high of $91.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 7.27 and a current ratio of 7.27.

LandBridge (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $70.89 million for the quarter, compared to analysts’ expectations of $65.94 million. LandBridge had a net margin of 16.49% and a return on equity of 4.75%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts anticipate that LandBridge will post 1.45 EPS for the current fiscal year.

About LandBridge

LandBridge Company (NYSE: LB) is a landowner and infrastructure-focused real estate company serving the energy and industrial sectors. The company owns and manages large tracts of land in the Permian Basin, primarily in West Texas and southeastern New Mexico, one of the leading oil and natural gas producing regions in the United States.

LandBridge generates revenue by providing access to its properties and related resources. Its activities include surface-use agreements, easements, rights-of-way, water services, mineral and royalty interests, and accommodations for energy, logistics, and infrastructure projects.