Diversified Energy Company PLC (NYSE:DEC) Declares $0.29 Quarterly Dividend

Diversified Energy Company PLC (NYSE:DECGet Free Report) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, May 29th will be given a dividend of 0.29 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, May 29th.

Diversified Energy Stock Up 5.7%

Shares of DEC stock traded up $0.76 during midday trading on Friday, reaching $13.98. 721,894 shares of the company were exchanged, compared to its average volume of 570,495. The company’s 50 day moving average price is $13.45 and its two-hundred day moving average price is $14.13. Diversified Energy has a 12 month low of $10.08 and a 12 month high of $16.85.

Diversified Energy (NYSE:DECGet Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $2.28 EPS for the quarter. On average, analysts forecast that Diversified Energy will post 0.18 earnings per share for the current fiscal year.

Diversified Energy Company Profile

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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.

Further Reading

Dividend History for Diversified Energy (NYSE:DEC)

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