Woodside Energy Group Ltd (WDS) To Go Ex-Dividend on March 7th

Woodside Energy Group Ltd (NYSE:WDS) declared a semi-annual dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.51 per share on Wednesday, April 2nd. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, March 7th.

Woodside Energy Group has raised its dividend by an average of 45.4% annually over the last three years. Woodside Energy Group has a payout ratio of 168.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Woodside Energy Group Price Performance

Shares of WDS opened at $15.47 on Thursday. Woodside Energy Group has a 1 year low of $14.34 and a 1 year high of $20.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 18.87 and a beta of 1.09. The business has a 50-day moving average of $15.47 and a 200-day moving average of $16.17.

Analyst Upgrades and Downgrades

WDS has been the subject of a number of analyst reports. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.