Ecopetrol S.A. (NYSE:EC) declared an annual dividend on Wednesday, April 7th, Wall Street Journal reports. Stockholders of record on Wednesday, April 21st will be given a dividend of 0.0932 per share by the oil and gas company on Thursday, April 29th. This represents a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, April 20th.
Ecopetrol has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ecopetrol to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 9.6%.
Ecopetrol stock opened at $12.74 on Thursday. The firm has a 50 day simple moving average of $12.87 and a 200-day simple moving average of $12.02. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.00. The stock has a market capitalization of $26.19 billion, a PE ratio of 16.13 and a beta of 1.86. Ecopetrol has a 12-month low of $8.50 and a 12-month high of $14.47.
Ecopetrol Company Profile
Ecopetrol SA operates as an integrated oil and gas company. The company operates through Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels segments. It engages in the exploration, production, and sale of oil and gas. It also transports and distributes hydrocarbons and derivative products.
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