RWE Aktiengesellschaft (OTCMKTS:RWEOY) Hits New 1-Year High After Dividend Announcement

RWE Aktiengesellschaft (OTCMKTS:RWEOY) shares reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $39.60 and last traded at $38.82, with a volume of 28584 shares. The stock had previously closed at $38.91.

The newly announced dividend which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.8535 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from RWE Aktiengesellschaft’s previous dividend of $0.76. This represents a dividend yield of 2.19%. RWE Aktiengesellschaft’s dividend payout ratio (DPR) is 11.35%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reissued an “overweight” rating on shares of RWE Aktiengesellschaft in a report on Monday, March 24th.

RWE Aktiengesellschaft Price Performance

The stock has a 50-day simple moving average of $35.92 and a 200 day simple moving average of $32.92. The stock has a market capitalization of $26.30 billion, a P/E ratio of 9.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.42 and a current ratio of 1.55.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last announced its quarterly earnings data on Thursday, March 20th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.15. RWE Aktiengesellschaft had a return on equity of 8.16% and a net margin of 12.03%. The firm had revenue of $8.82 billion during the quarter, compared to analysts’ expectations of $18.09 billion. On average, equities analysts forecast that RWE Aktiengesellschaft will post 3.18 earnings per share for the current fiscal year.

RWE Aktiengesellschaft Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.