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

Woodside Energy Group Ltd (NYSE:WDS) announced 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% per year 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 NYSE:WDS opened at $15.11 on Wednesday. The company’s fifty day moving average price is $15.51 and its 200 day moving average price is $16.11. The firm has a market capitalization of $28.68 billion, a P/E ratio of 18.42 and a beta of 1.09. Woodside Energy Group has a 12 month low of $14.34 and a 12 month 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.

Analysts Set New Price Targets

WDS has been the topic of a number of research reports. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Woodside Energy Group has an average rating of “Moderate Buy”.

About Woodside Energy Group

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.