Shell plc (LON:SHEL) Announces Dividend of $0.34

Shell plc (LON:SHEL) announced a dividend on Thursday, October 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of $0.34 per share on Thursday, December 19th. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. The official announcement can be viewed at this link.

Shell Stock Performance

LON SHEL opened at GBX 2,579 ($33.45) on Friday. The company’s 50 day moving average is GBX 2,563.34 and its 200-day moving average is GBX 2,723.14. The firm has a market cap of £159.38 billion, a P/E ratio of 1,199.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Shell has a 12-month low of GBX 2,345 ($30.41) and a 12-month high of GBX 2,961 ($38.40). The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 3,400 ($44.09) price target on shares of Shell in a research note on Tuesday, July 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Finally, Bank of America restated a “buy” rating and issued a GBX 3,400 ($44.09) price objective on shares of Shell in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 3,400 ($44.09).

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.