Shell PLC Unsponsored ADR (NYSE:SHEL) Announces Dividend Increase – $0.74 Per Share

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Friday, February 20th will be given a dividend of 0.744 per share by the energy company on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 20th. This is a 3.9% increase from Shell’s previous quarterly dividend of $0.72.

Shell has raised its dividend by an average of 0.1%annually over the last three years. Shell has a dividend payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Shell to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.97 annual dividend with an expected future payout ratio of 37.3%.

Shell Stock Up 1.8%

Shell stock opened at $79.34 on Wednesday. Shell has a twelve month low of $58.54 and a twelve month high of $80.25. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $225.61 billion, a P/E ratio of 13.24, a P/E/G ratio of 5.81 and a beta of 0.16. The stock’s fifty day simple moving average is $74.28 and its 200-day simple moving average is $73.60.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 5th. The energy company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.64). Shell had a net margin of 6.52% and a return on equity of 10.34%. The firm had revenue of $64.09 billion during the quarter, compared to analysts’ expectations of $65.82 billion. As a group, equities analysts expect that Shell will post 7.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHEL. Westside Investment Management Inc. bought a new position in Shell in the 2nd quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Shell in the 3rd quarter valued at about $31,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Shell during the third quarter worth about $34,000. Finally, Zions Bancorporation National Association UT increased its holdings in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after buying an additional 308 shares during the last quarter. 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.