Matador Resources Company (MTDR) To Go Ex-Dividend on November 10th

Matador Resources Company (NYSE:MTDR – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, November 10th will be given a dividend of $0.4375 per share by the energy company on Friday, December 4th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 16.7% increase from Matador Resources’s previous quarterly dividend of $0.3750.

Matador Resources has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Matador Resources to earn $10.14 per share next year, which means the company should continue to be able to cover its $1.75 annual dividend with an expected future payout ratio of 17.3%.

Matador Resources Stock Up 1.0%

Shares of NYSE:MTDR opened at $50.38 on Friday. Matador Resources has a fifty-two week low of $37.74 and a fifty-two week high of $66.84. The firm’s 50 day moving average price is $56.21 and its 200 day moving average price is $54.51. The company has a quick ratio of 0.62, a current ratio of 0.55 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 8.69 and a beta of 0.93.

Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The company’s revenue was up 33.9% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, equities research analysts predict that Matador Resources will post 8.34 earnings per share for the current fiscal year.

About Matador Resources

(Get Free Report)

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas.

Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.

Matador was founded in 2003 and is headquartered in Dallas, Texas.

See Also

Dividend History for Matador Resources (NYSE:MTDR)

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