Shell PLC Unsponsored ADR (NYSE:SHEL) Raises Dividend to $0.78 Per Share

Shell PLC Unsponsored ADR (NYSE:SHEL) declared a quarterly dividend on Thursday, October 30th. Stockholders 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 dividend 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 increased its dividend by an average of 0.1%annually over the last three years. Shell has a payout ratio of 44.6% meaning 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 Price Performance

Shares of NYSE:SHEL opened at $88.43 on Wednesday. The firm’s 50 day moving average price is $89.53 and its 200-day moving average price is $80.37. 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 has a market capitalization of $247.92 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.47 and a beta of 0.08.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.30. The firm had revenue of $69.69 billion during the quarter, compared to the consensus estimate of $77.54 billion. Shell had a net margin of 6.85% and a return on equity of 11.18%. Equities research analysts expect that Shell will post 10.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rothschild & Co Redburn lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Erste Group Bank restated a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company upped their target price on Shell from $77.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Hold” and a consensus price target of $97.33.

Shell Company Profile

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.