PBF Energy Inc. (PBF) To Go Ex-Dividend on November 12th

PBF Energy Inc. (NYSE:PBF) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be given a dividend of $0.3250 per share by the oil and gas company on Tuesday, November 24th. This represents a $1.30 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, November 12th. This is a 18.2% increase from PBF Energy’s previous quarterly dividend of $0.2750.

PBF Energy has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 2 years. PBF Energy has a payout ratio of 220.0% 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 PBF Energy to earn $20.24 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 5.4%.

PBF Energy Stock Up 3.0%

Shares of PBF opened at $77.83 on Friday. The business’s 50 day moving average is $77.37 and its 200 day moving average is $53.50. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. PBF Energy has a 12-month low of $25.62 and a 12-month high of $92.46. The company has a market capitalization of $9.23 billion, a PE ratio of 4.06, a price-to-earnings-growth ratio of 0.08 and a beta of 0.18.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share for the quarter, topping the consensus estimate of $11.12 by $1.66. PBF Energy had a return on equity of 38.22% and a net margin of 6.98%. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $10.60 billion. The firm’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.52) EPS. Research analysts expect that PBF Energy will post 24.77 earnings per share for the current fiscal year.

About PBF Energy

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.