CONSOL Energy Inc. Announces Quarterly Dividend of $0.25 (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.25 per share on Tuesday, November 26th. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, November 15th.

CONSOL Energy has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CONSOL Energy to earn $15.99 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.3%.

CONSOL Energy Trading Down 0.4 %

NYSE CEIX traded down $0.53 during trading on Thursday, hitting $124.63. The company had a trading volume of 21,071 shares, compared to its average volume of 489,354. The company’s fifty day moving average is $106.17 and its 200-day moving average is $99.61. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 9.18 and a beta of 1.73. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. CONSOL Energy has a one year low of $75.43 and a one year high of $130.47.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. CONSOL Energy’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.11 earnings per share. On average, sell-side analysts predict that CONSOL Energy will post 11.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th.

About CONSOL Energy

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.