Energy Services of America Corporation provides contracting services for utilities and energy related companies in the United States. It constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works. The company also offers a range of electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works for the gas, petroleum power, chemical, water and sewer, and automotive industries. It provides liquid pipeline and pump station construction, production facility construction, water and sewer pipeline installation, and various maintenance and repair services, as well as other services related to pipeline construction. The company serves customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was incorporated in 2006 and is based in Huntington, West Virginia.
Energy Services of America Dividend Announcement
• Energy Services of America announced a semi annually dividend of $0.06 per ordinary share which will be made payable on 2024-01-02. Ex dividend date: 2023-12-14
• Energy Services of America annual dividend for 2023 was $0.11
• Energy Services of America's trailing twelve-month (TTM) dividend yield is 0.53%
• Energy Services of America's payout ratio for the trailing twelve months (TTM) is 8.23%
Energy Services of America Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-12-14 | $0.06 | semi annually | 2024-01-02 |
| 2023-01-30 | $0.05 | semi annually | 2023-02-15 |
| 2019-12-20 | $0.05 | semi annually | 2019-12-31 |
| 2017-06-20 | $0.05 | semi annually | 2017-06-30 |
| 2016-06-13 | $0.05 | semi annually | 2016-06-30 |
Energy Services of America Dividend per year
Energy Services of America Dividend Yield
Energy Services of America current trailing twelve-month (TTM) dividend yield is 0.53%. Interested in purchasing Energy Services of America stock? Use our calculator to estimate your expected dividend yield:
Energy Services of America Financial Ratios
Energy Services of America Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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