Chesapeake Energy - (CHK) Declares $0.55 Dividend
Chesapeake Energy - said on May 2, 2023 that its board of directors declared a regular quarterly dividend of $0.55 per share ($2.20 annualized). Previously, the company paid $0.74 per share.
Shares must be purchased before the ex-div date of May 17, 2023 to qualify for the dividend. Shareholders of record as of May 18, 2023 will receive the payment on June 6, 2023.
At the current share price of $77.03 / share, the stock's dividend yield is 2.86%.
Looking back five years and taking a sample every week, the average dividend yield has been 6.09%, the lowest has been 1.84%, and the highest has been 13.00%. The standard deviation of yields is 3.69 (n=103).
The current dividend yield is 0.88 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 2.61%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1078 funds or institutions reporting positions in Chesapeake Energy -. This is an increase of 78 owner(s) or 7.80% in the last quarter. Average portfolio weight of all funds dedicated to CHK is 0.52%, a decrease of 21.27%. Total shares owned by institutions increased in the last three months by 2.22% to 159,155K shares. 
The put/call ratio of CHK is 0.85, indicating a bullish outlook.
Analyst Price Forecast Suggests 47.92% Upside
As of April 24, 2023, the average one-year price target for Chesapeake Energy - is 113.94. The forecasts range from a low of 80.80 to a high of $157.50. The average price target represents an increase of 47.92% from its latest reported closing price of 77.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Chesapeake Energy - is 8,906MM, a decrease of 33.77%. The projected annual non-GAAP EPS is 21.27.
What are Other Shareholders Doing?
Blackstone Group holds 12,666K shares representing 9.45% ownership of the company. No change in the last quarter.
Capital World Investors holds 9,848K shares representing 7.35% ownership of the company. No change in the last quarter.
Oaktree Capital Management holds 8,630K shares representing 6.44% ownership of the company. In it's prior filing, the firm reported owning 9,800K shares, representing a decrease of 13.56%. The firm decreased its portfolio allocation in CHK by 15.54% over the last quarter.
Wellington Management Group Llp holds 4,769K shares representing 3.56% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,866K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 3,417K shares, representing an increase of 11.62%. The firm increased its portfolio allocation in CHK by 4.67% over the last quarter.
Chesapeake Energy Background Information
(This description is provided by the company.)
Chesapeake Energy Corporation is an American exploration and production company, which is headquartered in Oklahoma City.
This story originally appeared on Fintel.