SM Energy Company (SM) to Distribute Quarterly Dividend of $0.22 on September 21st

SM Energy Company (NYSE:SM) announced a quarterly dividend on Monday, August 24th. Investors of record on Monday, September 7th will be paid a dividend of 0.22 per share by the energy company on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 4th.

SM Energy has increased its dividend payment by an average of 1.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. SM Energy has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SM Energy to earn $8.37 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 10.5%.

SM Energy Stock Performance

Shares of SM opened at $38.00 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a market cap of $9.04 billion, a P/E ratio of 7.48 and a beta of 0.73. The company has a 50-day moving average of $31.43 and a two-hundred day moving average of $29.66. SM Energy has a 12-month low of $17.45 and a 12-month high of $38.25.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The company’s revenue was up 215.3% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. As a group, research analysts predict that SM Energy will post 7.45 EPS for the current fiscal year.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.