Viper Energy Inc. (NASDAQ:VNOM) Declares Quarterly Dividend of $0.50

Viper Energy Inc. (NASDAQ:VNOM) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.50 per share by the oil and gas producer on Thursday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, November 12th.

Viper Energy has increased its dividend by an average of 0.3% per year over the last three years. Viper Energy has a payout ratio of 84.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Viper Energy to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 53.5%.

Viper Energy Price Performance

NASDAQ VNOM opened at $45.72 on Tuesday. The stock has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $44.33. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.13. The stock has a market capitalization of $16.42 billion, a PE ratio of 23.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.37 and a current ratio of 6.37.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%. The firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $625.18 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was up 58.1% on a year-over-year basis. Research analysts anticipate that Viper Energy will post 2.83 EPS for the current year.

Viper Energy Company Profile

Viper Energy, Inc (NASDAQ: VNOM) owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company’s interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.

Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.