Diversified Energy Company PLC (NYSE:DEC) to Issue Quarterly Dividend of $0.29

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, February 27th will be given a dividend of 0.29 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, February 27th.

Diversified Energy Stock Performance

Shares of DEC traded up $1.08 during mid-day trading on Tuesday, reaching $13.72. The company had a trading volume of 237,816 shares, compared to its average volume of 445,976. The company’s 50 day simple moving average is $14.14 and its 200 day simple moving average is $14.23. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.70. The company has a market capitalization of $661.53 million, a price-to-earnings ratio of 9.32 and a beta of 0.62.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.