NEW YORK - Hess Corporation (NYSE: HES), an independent global energy company with a market capitalization of $41.47 billion, has announced the declaration of a regular quarterly dividend. The company’s Board of Directors has set the dividend at 50 cents per share on its Common Stock, maintaining its impressive 39-year streak of consistent dividend payments. According to InvestingPro data, the company has raised its dividend for three consecutive years, with the current yield standing at 1.47%.
Shareholders of record as of the close of business on June 16, 2025, will be eligible for the dividend, which is scheduled to be paid on June 30, 2025. This announcement aligns with Hess Corporation’s practice of providing returns to its shareholders and reflects its ongoing business operations in the exploration and production of crude oil and natural gas. The company maintains a moderate debt level and has demonstrated strong profitability, with a healthy gross profit margin of 79%.
Hess Corporation has established itself in the energy sector with a focus on the exploration and production segment. The company’s activities span across several continents, contributing to its reputation as a significant player in the global energy landscape. With revenue growth of 9.7% and an overall "GOOD" financial health rating from InvestingPro, the company continues to demonstrate solid operational performance.
The dividend declaration is a routine part of Hess Corporation’s financial calendar and is subject to the typical confirmation by the company’s Board of Directors. It is a continuation of the company’s policy to distribute a portion of its earnings back to its shareholders, supported by its P/E ratio of 18.56 and strong return on equity of 21%.
The announcement made today is based on a press release statement from Hess Corporation. Investors and shareholders are encouraged to note the record and payment dates for the dividend. For more information on Hess Corporation, interested parties may visit the company’s website.
This dividend issuance serves as a testament to Hess Corporation’s financial management and commitment to its shareholders. It remains to be seen how this will influence the company’s stock performance on the New York Stock Exchange in the coming months.
In other recent news, Hess Corporation reported first-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings of $1.81 per share, surpassing the consensus estimate of $1.73. Revenue was reported at $2.94 billion, above the projected $2.85 billion. Hess maintained stable production levels with net production at 476,000 barrels of oil equivalent per day, consistent with the previous year. The company anticipates second-quarter production to be between 480,000 and 490,000 barrels per day. Despite a decline in the average realized crude oil selling price to $71.22 per barrel from $80.06 in the prior year, Hess’s net income fell to $430 million, or $1.39 per share, from $972 million, or $3.16 per share, in the previous year. Progress continues on the Yellowtail development in Guyana, which is on track to start production in the third quarter of 2025. This project is expected to have an initial capacity of 250,000 barrels of oil per day.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.