Shell plc (LON:SHEL) Declares Dividend of $0.34

Shell plc (LON:SHEL) announced a dividend on Thursday, October 31st,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 14th will be paid a dividend of $0.34 per share on Thursday, December 19th. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. The official announcement can be viewed at this link.

Shell Price Performance

Shares of LON:SHEL opened at GBX 2,526.50 ($32.51) on Tuesday. The company has a market cap of £156.14 billion, a P/E ratio of 1,186.05, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 52 week low of GBX 2,345 ($30.18) and a 52 week high of GBX 2,961 ($38.10). The company has a 50-day moving average price of GBX 2,551.80 and a 200 day moving average price of GBX 2,712.85. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SHEL shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research report on Tuesday, September 24th. Bank of America reiterated a “buy” rating and issued a GBX 3,400 ($43.75) price target on shares of Shell in a research note on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of GBX 3,400 ($43.75).

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.