Genie Energy Ltd. (GNE) to Issue Quarterly Dividend of $0.08 on November 20th

Genie Energy Ltd. (NYSE:GNE) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.075 per share by the oil and gas producer on Wednesday, November 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, November 12th.

Genie Energy has decreased its dividend by an average of 3.1% annually over the last three years.

Genie Energy Price Performance

GNE stock opened at $16.96 on Friday. The stock has a market cap of $456.05 million, a price-to-earnings ratio of 58.48 and a beta of 0.09. The company has a 50 day simple moving average of $16.44 and a 200 day simple moving average of $15.88. Genie Energy has a 1 year low of $14.00 and a 1 year high of $30.90.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $90.70 million during the quarter. Genie Energy had a net margin of 1.75% and a return on equity of 23.30%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Genie Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In related news, CFO Avi Goldin sold 2,300 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total transaction of $39,537.00. Following the completion of the transaction, the chief financial officer now directly owns 134,999 shares of the company’s stock, valued at $2,320,632.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director James A. Courter sold 3,675 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.25. Following the completion of the sale, the director now directly owns 304,411 shares in the company, valued at $5,232,825.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00. Following the completion of the transaction, the chief financial officer now owns 134,999 shares in the company, valued at approximately $2,320,632.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by insiders.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.