Diversified Energy Company PLC (DEC) to Issue Quarterly Dividend of $0.29 on September 30th

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, August 28th will be given a dividend of 0.29 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, August 28th.

Diversified Energy Stock Down 1.0%

Shares of Diversified Energy stock opened at $14.68 on Wednesday. Diversified Energy has a 52-week low of $12.33 and a 52-week high of $18.90. The firm’s 50 day moving average price is $13.61 and its 200-day moving average price is $14.57. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.96. The company has a market cap of $1.04 billion, a P/E ratio of 4.54 and a beta of -0.38.

Diversified Energy (NYSE:DEC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.49). The firm had revenue of $442.30 million during the quarter, compared to analyst estimates of $492.98 million. On average, sell-side analysts predict that Diversified Energy will post 2.7 EPS for the current fiscal year.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.