Noble Corporation PLC (NYSE:NE) Announces Quarterly Dividend of $0.50

by · The Markets Daily

Noble Corporation PLC (NYSE:NE – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, September 3rd will be given a dividend of 0.50 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, September 3rd.

Noble has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Noble to earn $2.60 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 76.9%.

Noble Price Performance

Shares of NYSE NE opened at $43.09 on Tuesday. Noble has a 1-year low of $25.24 and a 1-year high of $54.98. The company has a market cap of $6.87 billion, a PE ratio of 30.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a fifty day moving average price of $43.62 and a 200 day moving average price of $44.08.

Noble (NYSE:NE – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). Noble had a return on equity of 2.32% and a net margin of 7.17%.The firm had revenue of $719.69 million for the quarter, compared to analyst estimates of $697.98 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue was down 15.2% compared to the same quarter last year. Sell-side analysts forecast that Noble will post 0.81 EPS for the current year.

About Noble

(Get Free Report)

Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.

Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.

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