Viper Energy Inc. (VNOM) to Distribute Special Dividend of $0.29 on August 20th

Viper Energy Inc. (NASDAQ:VNOM) declared a special dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.29 per share by the oil and gas producer on Thursday, August 20th. This represents a dividend yield of 266.0%. The ex-dividend date is Thursday, August 13th.

Viper Energy has increased its dividend payment by an average of 0.3%annually over the last three years. Viper Energy has a payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Viper Energy to earn $2.20 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 69.1%.

Viper Energy Price Performance

NASDAQ VNOM opened at $42.37 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.37 and a quick ratio of 6.37. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 325.95 and a beta of 0.40. The company has a 50 day simple moving average of $43.40 and a 200-day simple moving average of $44.77. Viper Energy has a 52-week low of $35.10 and a 52-week high of $51.13.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $643.45 million. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The firm’s revenue was up 127.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts predict that Viper Energy will post 2.54 earnings per share for the current fiscal year.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.