Kimbell Royalty (NYSE:KRP) Shares Set to Pay Quarterly Dividend of $0.45

by · The Cerbat Gem

Kimbell Royalty (NYSE:KRP – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.45 per share by the energy company on Monday, November 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Monday, November 16th. This is a 4.3% decrease from Kimbell Royalty’s previous quarterly dividend of $0.47.

Kimbell Royalty has increased its dividend payment by an average of 0.1% annually over the last three years. Kimbell Royalty has a dividend payout ratio of 132.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kimbell Royalty to earn $1.11 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 169.4%.

Kimbell Royalty Price Performance

Shares of KRP opened at $15.04 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 17.90 and a beta of 0.38. The stock’s 50-day moving average price is $15.36 and its two-hundred day moving average price is $14.80. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71. Kimbell Royalty has a 1 year low of $11.31 and a 1 year high of $17.12.

Kimbell Royalty (NYSE:KRP – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%. The business had revenue of $86.33 million during the quarter, compared to the consensus estimate of $104.41 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Kimbell Royalty will post 1.10 earnings per share for the current year.

About Kimbell Royalty

(Get Free Report)

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.

Featured Articles