Genie Energy Ltd (NYSE:GNE) Announces $0.08 Quarterly Dividend

Genie Energy Ltd (NYSE:GNE) announced a quarterly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.075 per share by the oil and gas producer on Friday, August 23rd. This represents a $0.30 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, August 15th.

Genie Energy has raised its dividend by an average of 35.7% annually over the last three years.

NYSE GNE traded down $0.08 during trading hours on Wednesday, hitting $6.68. 4,214 shares of the company’s stock were exchanged, compared to its average volume of 258,715. The company has a quick ratio of 1.83, a current ratio of 2.02 and a debt-to-equity ratio of 0.03. Genie Energy has a 12-month low of $5.08 and a 12-month high of $11.98. The firm has a market capitalization of $288.79 million, a price-to-earnings ratio of 7.44 and a beta of 1.37. The stock has a 50 day simple moving average of $10.79.

Genie Energy (NYSE:GNE) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.38). Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. The business had revenue of $61.01 million for the quarter, compared to analyst estimates of $51.10 million. On average, research analysts anticipate that Genie Energy will post 0.8 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Noble Financial restated a “hold” rating on shares of Genie Energy in a research note on Wednesday. Zacks Investment Research lowered Genie Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.

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Dividend History for Genie Energy (NYSE:GNE)

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