Cash Dividend On The Way From Parsley Energy (PE)

Cash Dividend On The Way From Parsley Energy (PE)

By Dividend Channel Staff, Thursday, December 5, 10:01 AM ET

On 12/9/19, Parsley Energy Inc (NYSE: PE) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 12/20/19. As a percentage of PE's recent stock price of $15.97, this dividend works out to approximately 0.19%.

Below is a dividend history chart for PE, showing historical dividends prior to the most recent $0.03 declared by Parsley Energy Inc:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PE is likely to continue, and whether the current estimated yield of 0.75% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PE shares, versus its 200 day moving average:

Looking at the chart above, PE's low point in its 52 week range is $13.72 per share, with $22.11 as the 52 week high point — that compares with a last trade of $15.93.Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

In Thursday trading, Parsley Energy Inc shares are currently up about 1.2% on the day.