Berry Co. (BRY) To Go Ex-Dividend on March 21st

Berry Co. (NASDAQ:BRY) declared a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Investors of record on Saturday, March 22nd will be paid a dividend of 0.03 per share by the energy company on Tuesday, April 1st. This represents a $0.12 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, March 21st.

Berry has increased its dividend payment by an average of 17.0% per year over the last three years. Berry has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Berry to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 19.7%.

Berry Trading Up 2.1 %

Shares of BRY stock opened at $3.41 on Wednesday. Berry has a 1 year low of $3.06 and a 1 year high of $8.88. The company’s fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $4.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $262.36 million, a price-to-earnings ratio of 3.16 and a beta of 1.67.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.12 by $0.09. Berry had a net margin of 9.40% and a return on equity of 6.50%. The company had revenue of $167.06 million for the quarter, compared to the consensus estimate of $173.00 million. As a group, analysts anticipate that Berry will post 0.58 earnings per share for the current year.

About Berry

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.