Noble Corporation Recognized as a Top Dividend Energy Stock

Strong Performance and Reliable Dividends Highlight Noble’s Attractiveness

Noble Corporation plc (Symbol: NE) has earned a spot as a Top 10 dividend paying energy stock, according to Dividend Channel’s weekly ”DividendRank” report. The report emphasized that NE shares exhibit appealing valuation and profitability metrics. For instance, with a recent share price of $31.80, Noble sports a price-to-book ratio of 1.1 and an annual dividend yield of 6.29%. In contrast, the average energy stock tracked by Dividend Channel yields 4.4% and has a price-to-book ratio of 2.8. The report also highlighted Noble Corporation’s consistent quarterly dividend history and promising long-term growth rates in essential financial indicators.

The report explained, ”Dividend investors who approach their investments from a value perspective typically focus on the most profitable companies trading at attractive valuations. Our proprietary DividendRank formula aims to identify these opportunities by ranking stocks based on profitability and valuation, providing investors with ideas worth exploring further.”

Noble Corporation plc offers an annualized dividend of $2 per share, distributed quarterly, and its most recent ex-dividend date was December 5, 2024. Below is a long-term dividend history chart for NE, emphasizing its significance. Analyzing past dividend patterns is beneficial for assessing the likelihood of continued dividends.

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Also see:

• Top Stocks Held By Andreas Halvorsen
• USB Dividend Growth Rate
• Top Ten Hedge Funds Holding AZAL

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.