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

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.12 per share by the energy company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, September 21st.

Evolution Petroleum has increased its dividend by an average of 0.1%annually over the last three years. Evolution Petroleum has a payout ratio of 4,800.0% meaning 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 $0.03 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 1,600.0%.

Evolution Petroleum Price Performance

NYSEAMERICAN:EPM opened at $3.84 on Friday. Evolution Petroleum has a one year low of $3.19 and a one year high of $5.70. The firm’s fifty day moving average price is $3.69 and its two-hundred day moving average price is $4.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $138.05 million, a P/E ratio of -34.91 and a beta of 0.25.

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.