Shell plc (NYSE:SHEL) to Issue Quarterly Dividend of $0.69

Shell plc (NYSE:SHEL - Get Free Report) declared a quarterly dividend on Friday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.688 per share by the energy company on Thursday, December 19th. This represents a $2.75 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, November 15th.

Shell has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Shell to earn $8.24 per share next year, which means the company should continue to be able to cover its $2.75 annual dividend with an expected future payout ratio of 33.4%.

Shell Trading Down 0.1 %

Shell stock traded down $0.06 during trading hours on Friday, reaching $67.49. 8,591,310 shares of the company's stock traded hands, compared to its average volume of 4,063,998. Shell has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The firm's 50 day moving average is $68.08 and its 200-day moving average is $70.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market capitalization of $210.04 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.86 and a beta of 0.56.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.17% and a return on equity of 14.57%. The company had revenue of $75.06 billion during the quarter, compared to analysts' expectations of $88.62 billion. During the same quarter in the previous year, the company posted $1.50 EPS. On average, analysts predict that Shell will post 8.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a research report on Friday, October 11th. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research report on Tuesday, July 30th. Barclays upgraded Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, Berenberg Bank raised Shell to a "strong-buy" rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $82.00.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.