Vitesse Energy, Inc. (NYSE:VTS) Shareholders to Get $0.44 Quarterly Dividend

Vitesse Energy, Inc. (NYSE:VTS) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.4375 per share on Thursday, December 31st. This represents a $1.75 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, December 15th.

Vitesse Energy has a dividend payout ratio of 160.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vitesse Energy to earn $0.19 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 921.1%.

Vitesse Energy Stock Down 0.5%

Shares of NYSE:VTS opened at $18.25 on Thursday. The company has a market capitalization of $768.40 million, a price-to-earnings ratio of -55.30 and a beta of 0.60. Vitesse Energy has a 1 year low of $15.00 and a 1 year high of $22.91. The business’s 50-day moving average is $17.51 and its 200-day moving average is $18.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.