E - Eni: High Dividend Yield Now Under Threat Unless Oil Prices Rebound Shortly

Introduction

Following Saudi Arabia launching their oil price war earlier this month that sent oil prices plunging back into the $30 per barrel range, it should come as little surprise that Eni (E) has seen their share price plunge as well. It has now reached levels even below those of the 2015-2016 oil price crash and thus has pushed their dividend yield towards 10%. Given the United States ten year treasury yield is now sitting well below 1% a dividend yield of this magnitude is very attractive, however, I believe that investors should

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