) Inc. is set to increase its periodic dividend by 25%, raising it to $0.25 from the previous year's $0.20, yielding a modest 1.7%. This decision comes in spite of an anticipated significant drop in earnings per share over the next year.
PBF Energy's dividend history shows instability, with at least one cut over the past decade and an average annual decrease of approximately 4%. This has resulted in a reduction in the annual total from $1.20 in 2013 to a recent $0.80. Despite the anticipated earnings decline in the coming year, PBF Energy remains a strong income stock due to its growing earnings and substantial cash generation capacity.InvestingPro data and tips suggest a promising outlook for PBF Energy Inc. The company's market cap stands at a healthy 5660M USD, with a low P/E ratio of 2.13 as of Q3 2023, indicating the stock may be undervalued. The company's revenue, despite experiencing a slight decrease of 9.
It's also worth noting that PBF Energy's return on assets for the last twelve months as of Q3 2023 is 20.48%, indicating effective use of its resources to generate profits.offers a total of 15 tips for PBF Energy. These insights can provide a deeper understanding of the company's financial health and market position, aiding in more informed investment decisions.