Woodside Energy Group Ltd (NYSE:WDS) Increases Dividend to $0.67 Per Share

Woodside Energy Group Ltd (NYSE:WDS) declared a Semi-Annual dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.67 per share on Thursday, October 3rd. The ex-dividend date is Friday, September 6th. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60.

Woodside Energy Group has increased its dividend by an average of 105.0% per year over the last three years. Woodside Energy Group has a dividend payout ratio of 93.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Woodside Energy Group Price Performance

WDS traded up $0.05 on Thursday, reaching $18.29. The company had a trading volume of 221,064 shares, compared to its average volume of 930,024. The stock has a 50-day moving average price of $18.27 and a 200-day moving average price of $18.77. Woodside Energy Group has a 1 year low of $16.13 and a 1 year high of $25.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 0.90.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WDS shares. Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a research note on Sunday, June 23rd. Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Citigroup upgraded shares of Woodside Energy Group from a “strong sell” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group lowered shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Sanford C. Bernstein lowered Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Woodside Energy Group currently has an average rating of “Hold”.

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.