LandBridge Company LLC (LB) to Issue Quarterly Dividend of $0.12 on September 10th

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 27th will be given a dividend of 0.12 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th.

LandBridge has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LandBridge to earn $2.15 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 22.3%.

LandBridge Stock Performance

Shares of LandBridge stock opened at $86.99 on Tuesday. The business has a 50-day moving average of $75.31 and a 200 day moving average of $71.29. LandBridge has a 12 month low of $43.75 and a 12 month high of $91.69. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 76.98 and a beta of 0.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.27 and a quick ratio of 7.27.

LandBridge Company Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.