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

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

ENI has increased its dividend by an average of 9.8% annually over the last three years. ENI has a dividend payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 3.2 %

ENI stock traded up $0.92 during trading hours on Friday, hitting $29.53. The stock had a trading volume of 356,521 shares, compared to its average volume of 278,985. The stock's 50-day moving average price is $28.57 and its 200-day moving average price is $29.49. The stock has a market capitalization of $49.84 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on E shares. Morgan Stanley restated an "equal weight" rating and issued a $31.60 price objective (down 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 research note on Tuesday, February 25th. Finally, UBS Group cut ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.60.

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About ENI

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.