Adams Resources & Energy, Inc. Announces Quarterly Dividend of $0.24 (NYSE:AE)

Adams Resources & Energy, Inc. (NYSE:AE) announced a quarterly dividend on Tuesday, November 12th,NASDAQ Dividends reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.24 per share on Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, December 6th.

Adams Resources & Energy has a payout ratio of 1,600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Adams Resources & Energy to earn $0.06 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 1,600.0%.

Adams Resources & Energy Price Performance

AE traded up $0.08 on Wednesday, reaching $37.13. 72,791 shares of the company’s stock were exchanged, compared to its average volume of 8,947. The stock has a market cap of $95.42 million, a PE ratio of -11.76 and a beta of 0.79. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. The stock’s fifty day moving average price is $26.37 and its 200-day moving average price is $26.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “neutral” rating and issued a $38.00 target price (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.