Eni S.p.A. (NYSE:E) Plans — Dividend of $0.35

Eni S.p.A. (NYSE:E) announced a — dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.3549 per share by the oil and gas exploration company on Monday, April 7th. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th.

ENI has raised its dividend by an average of 9.8% annually over the last three years. ENI has a payout ratio of 53.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ENI to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 55.0%.

ENI Stock Performance

E opened at $31.18 on Friday. The stock has a market cap of $52.62 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $29.10 and its 200 day simple moving average is $29.37. ENI has a 1-year low of $26.12 and a 1-year high of $33.78.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on E. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, UBS Group cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.60.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.