GeoPark Limited (GPRK) To Go Ex-Dividend on August 29th

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Investors of record on Thursday, August 29th will be given a dividend of 0.147 per share by the oil and gas company on Thursday, September 12th. This represents a $0.59 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, August 29th.

GeoPark has increased its dividend by an average of 104.1% per year over the last three years. GeoPark has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect GeoPark to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 15.3%.

GeoPark Trading Up 3.3 %

GPRK stock opened at $9.43 on Tuesday. The business has a fifty day moving average price of $10.03 and a 200 day moving average price of $9.70. GeoPark has a fifty-two week low of $8.05 and a fifty-two week high of $11.25. The stock has a market capitalization of $521.74 million, a price-to-earnings ratio of 4.62 and a beta of 1.34. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.20 and a quick ratio of 1.13.

Analyst Ratings Changes

Separately, StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a report on Monday, August 19th.

About GeoPark

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.