Shares of Western Refining Inc. (WNR) will begin investing ex-dividend on Monday, April 24. To qualify for a dividend examine, traders ought to have owned Western Refining shares prior to Monday, which is the past day the firm’s administration will finalize its roster of shareholders to whom it will mail payments.
Western Refining stock, which presently trades about $33 for each share, has declined about eleven.ninety four% yr to date, which includes some four.47% declines in the past a few months. This compares with a five.23% yr-to-date rise in the S&P five hundred index (SPX). Western Refining stock has risen 26% above the past twelve months, although the S&P five hundred has risen thirteen.22%. (See also: Western Refining (WNR) Posts This fall Loss, Product sales Miss out on Estimates.)
In its fiscal fourth-quarter earnings final results, reported in February, the El Paso, Texas-primarily based organization missed Wall Road estimates on earnings for each share and missed on income. The organization reported an altered loss of 7 cents for each share, which missed analysts’ projections by 16 cents. Fourth-quarter income of $two.12 billion grew two.four% yr above yr, missing Wall Road estimates by $220 million.
Searching forward, for the fiscal initial quarter finished March 31, Western Refining is envisioned to provide 12 cents for each share, down from thirteen cents a yr ago, on income of $two.39 billion, up 64% yr above yr. For the full yr, ending January, earnings are projected to rise 37% yr above yr to $1.sixty three for each share, although income of $eight.95 billion would mark a 15.6% rise yr above yr.
Dependent on Western Refining current stock value of about $33, the company’s 38-cent for each share quarterly dividend yields four.forty one% annually, or about two.forty one share details earlier mentioned the two.00% typical generate of the S&P five hundred index. Western Refining will send out its dividend payment on May well eleven to shareholders of report as of April 26. The stock has a consensus Keep rating and an typical analyst 12-month value target of $36, implying potential returns of nine% from current amounts.