Falcon Minerals Co. (NASDAQ:FLMN) Declares Quarterly Dividend of $0.08

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Falcon Minerals Co. (NASDAQ:FLMN) declared a quarterly dividend on Thursday, February 11th, Zacks reports. Stockholders of record on Thursday, February 25th will be paid a dividend of 0.075 per share on Monday, March 8th. This represents a $0.30 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend is Wednesday, February 24th. This is an increase from Falcon Minerals’s previous quarterly dividend of $0.07.

Falcon Minerals has a payout ratio of 103.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Falcon Minerals to earn $0.23 per share next year, which means the company may not be able to cover its $0.30 annual dividend with an expected future payout ratio of 130.4%.

Shares of NASDAQ:FLMN opened at $4.26 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.17. Falcon Minerals has a 12-month low of $1.60 and a 12-month high of $4.43. The business has a 50 day moving average of $3.59 and a two-hundred day moving average of $2.87. The company has a market capitalization of $366.76 million, a PE ratio of 42.60 and a beta of 1.78.

FLMN has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research note on Tuesday, February 9th. Piper Sandler raised shares of Falcon Minerals from a “neutral” rating to an “overweight” rating in a report on Friday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Falcon Minerals currently has an average rating of “Hold” and an average price target of $4.00.

About Falcon Minerals

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 75,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

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Dividend History for Falcon Minerals (NASDAQ:FLMN)

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