South Bow Corporation (SOBO) To Go Ex-Dividend on March 31st

South Bow Corporation (NYSE:SOBO) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.50 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

South Bow has a dividend payout ratio of 109.9% 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 South Bow to earn $1.71 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 117.0%.

South Bow Stock Up 0.6%

Shares of NYSE:SOBO opened at $34.21 on Friday. South Bow has a fifty-two week low of $21.16 and a fifty-two week high of $34.47. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 2.13. The firm’s 50-day simple moving average is $31.00 and its 200-day simple moving average is $28.56. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 16.44 and a beta of 0.29.

South Bow (NYSE:SOBO) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.21. South Bow had a net margin of 21.80% and a return on equity of 15.55%. The firm had revenue of $503.00 million during the quarter, compared to analysts’ expectations of $500.57 million. During the same period in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that South Bow will post 1.74 earnings per share for the current year.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.