Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) to Issue $0.12 Quarterly Dividend

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, June 15th will be given a dividend of 0.12 per share by the energy company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Monday, June 15th.

Evolution Petroleum has increased its dividend by an average of 0.1%annually over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Evolution Petroleum to earn $0.04 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 1,200.0%.

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN EPM traded down $0.44 during trading on Wednesday, reaching $4.36. The company had a trading volume of 598,223 shares, compared to its average volume of 409,125. Evolution Petroleum has a 52 week low of $3.19 and a 52 week high of $5.70. The stock has a market cap of $152.43 million, a PE ratio of 54.44 and a beta of 0.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50 day moving average price is $4.56 and its 200-day moving average price is $4.19.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.