Woodside Energy Group Ltd (NYSE:WDS) Plans Semi-annual Dividend of $0.51

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 given a dividend of 0.51 per share on Wednesday, April 2nd. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend 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 164.3% indicating that 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 Stock Up 3.2 %

Shares of Woodside Energy Group stock traded up $0.48 during mid-day trading on Wednesday, reaching $15.47. 1,197,713 shares of the stock were exchanged, compared to its average volume of 797,227. The firm has a 50-day simple moving average of $15.45 and a 200 day simple moving average of $16.17. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a fifty-two week low of $14.34 and a fifty-two week high of $20.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDS. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.