Berry Co. (NASDAQ:BRY – Get Free Report) declared a quarterly dividend on Friday, August 9th, Zacks reports. Investors of record on Monday, August 12th will be given a dividend of 0.12 per share by the energy company on Tuesday, August 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date is Monday, August 12th.
Berry has raised its dividend payment by an average of 51.8% per year over the last three years. Berry has a payout ratio of 65.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Berry to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 55.2%.
Berry Trading Down 1.2 %
NASDAQ:BRY opened at $5.99 on Friday. Berry has a 52 week low of $5.63 and a 52 week high of $8.94. The firm has a 50-day moving average price of $6.45 and a two-hundred day moving average price of $7.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $460.86 million, a price-to-earnings ratio of 599.00 and a beta of 1.77.
Berry Company Profile
Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.
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