Genie Energy Ltd. (NYSE:GNE) to Issue $0.08 Quarterly Dividend

Genie Energy Ltd. (NYSE:GNEGet Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Friday, May 22nd will be paid a dividend of 0.075 per share by the oil and gas producer on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 22nd.

Genie Energy has decreased its dividend by an average of 0.0%annually over the last three years.

Genie Energy Stock Performance

Shares of GNE opened at $13.12 on Friday. The company has a market capitalization of $346.34 million, a PE ratio of 16.40 and a beta of 0.20. Genie Energy has a one year low of $12.69 and a one year high of $28.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.38 and a quick ratio of 2.29. The company’s fifty day moving average price is $14.04 and its 200 day moving average price is $14.22.

Genie Energy (NYSE:GNEGet Free Report) last announced its earnings results on Thursday, May 14th. The oil and gas producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $121.60 million during the quarter, compared to the consensus estimate of $123.83 million. Genie Energy had a return on equity of 14.46% and a net margin of 4.78%.

Genie Energy Company Profile

(Get Free Report)

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.

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Dividend History for Genie Energy (NYSE:GNE)

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