OSLO - Equinor ASA (NYSE:EQNR) has announced a second-quarter dividend of $0.90 per share, split into an ordinary dividend of $0.30 and an extraordinary dividend of $0.60 per share. This distribution corresponds to 9.8519 Norwegian kroner (NOK) per share, using the average exchange rate provided by Norges Bank around the record date of November 15.
The dividend is slated for payment to shareholders registered on the Oslo Stock Exchange as well as American Depositary Receipt (ADR) holders on the New York Stock Exchange on Tuesday, November 28.
The calculation of the NOK dividend amount was based on an average of the USD to NOK fixing rates from three days before and after the record date, ensuring an equitable conversion for all shareholders.
InvestingPro Insights
Equinor ASA's recent dividend announcement is a testament to its commitment to shareholder returns, a principle that's echoed in the InvestingPro Tips. With a robust history of maintaining dividend payments for 22 consecutive years, Equinor stands out as a reliable pick for income-focused investors. The company's ability to yield high returns on invested capital and book equity reinforces its financial strength, which is particularly noteworthy in the volatile energy sector.
InvestingPro Data further highlights Equinor's financial metrics, showcasing a solid market capitalization of $96.92 billion and an attractive price-to-earnings (P/E) ratio of 5.84, which slightly adjusts to 5.96 for the last twelve months as of Q3 2023. The dividend yield as of the last recorded date stands at a significant 9.61%, underlining the company's generous shareholder yield. While analysts anticipate a sales decline in the current year, Equinor's history of profitability and its position as a prominent player in the Oil, Gas & Consumable Fuels industry suggest a capacity to navigate market fluctuations.
For those looking to delve deeper into Equinor's financial prospects, InvestingPro offers a wealth of additional tips—13 in total—that can provide a more nuanced understanding of the company's performance and potential. Currently, InvestingPro subscription is available at a special Black Friday sale, with discounts of up to 55%, making it an opportune time for investors to access these valuable insights.
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