Shell PLC Unsponsored ADR (SHEL) To Go Ex-Dividend on May 22nd

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.7812 per share by the energy company on Monday, June 29th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, May 22nd. This is a 5.0% increase from Shell’s previous quarterly dividend of $0.74.

Shell has raised its dividend payment by an average of 0.1%annually over the last three years. Shell has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $9.74 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 32.0%.

Shell Trading Down 0.2%

NYSE SHEL opened at $88.43 on Wednesday. Shell has a twelve month low of $65.38 and a twelve month high of $94.90. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $89.53 and its 200 day moving average is $80.37. The firm has a market capitalization of $247.92 billion, a PE ratio of 13.77, a P/E/G ratio of 0.47 and a beta of 0.08.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The business had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. Research analysts forecast that Shell will post 10.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shell

Several institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Shell in the 4th quarter valued at $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Shell during the third quarter worth $34,000. Zions Bancorporation National Association UT lifted its holdings in shares of Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Shell during the fourth quarter valued at $36,000. Finally, Ares Financial Consulting LLC purchased a new stake in Shell in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.