Eni S.p.A. (NYSE:E) Plans -- Dividend of $0.54

Eni S.p.A. (NYSE:E - Get Free Report) announced a -- dividend on Monday, April 14th, Wall Street Journal reports. Investors of record on Tuesday, May 20th will be given a dividend of 0.5391 per share by the oil and gas exploration company on Monday, June 9th. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a 51.9% increase from ENI's previous -- dividend of $0.35.

ENI has increased its dividend payment by an average of 9.8% annually over the last three years. ENI has a dividend payout ratio of 57.4% 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 $2.16 annual dividend with an expected future payout ratio of 57.1%.

ENI Price Performance

Shares of E stock traded up $0.28 on Friday, reaching $27.76. The company had a trading volume of 422,811 shares, compared to its average volume of 313,853. The business's 50-day moving average is $29.08 and its 200 day moving average is $28.98. ENI has a one year low of $24.65 and a one year high of $33.30. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $46.85 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Analyst Ratings Changes

E has been the topic of several research reports. Morgan Stanley restated an "equal weight" rating and set a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group downgraded ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.