Just Energy Group Inc (NYSE:JE) Announces $0.09 Quarterly Dividend

Just Energy Group Inc (NYSE:JE) (TSE:JE) declared a quarterly dividend on Tuesday, June 4th, NASDAQ reports. Shareholders of record on Monday, June 17th will be paid a dividend of 0.093 per share by the utilities provider on Friday, June 28th. This represents a $0.37 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend is Friday, June 14th.

Just Energy Group has increased its dividend payment by an average of 5.0% per year over the last three years.

NYSE:JE traded up $0.08 during trading hours on Monday, reaching $4.38. 406,500 shares of the company traded hands, compared to its average volume of 250,362. The firm has a 50-day moving average price of $3.73. The firm has a market capitalization of $643.75 million, a PE ratio of 36.54 and a beta of 0.94. Just Energy Group has a 1 year low of $2.80 and a 1 year high of $4.41. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.27 and a quick ratio of 1.27.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Thursday, May 16th. The utilities provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $770.37 million during the quarter, compared to the consensus estimate of $788.43 million. Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%. As a group, analysts anticipate that Just Energy Group will post 0.43 EPS for the current fiscal year.

Several equities analysts recently weighed in on JE shares. Zacks Investment Research upgraded Just Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. CIBC reiterated a “hold” rating on shares of Just Energy Group in a research report on Friday, June 7th. TheStreet downgraded Just Energy Group from a “c-” rating to a “d” rating in a research report on Wednesday, June 5th. ValuEngine upgraded Just Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Finally, Canaccord Genuity upgraded Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.75.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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Dividend History for Just Energy Group (NYSE:JE)

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