Diversified Energy Company PLC (NYSE:DEC) Shareholders to Receive $0.29 Quarterly Dividend

Diversified Energy Company PLC (NYSE:DEC – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, February 26th will be given a dividend of $0.29 per share on Wednesday, March 31st. This represents a $1.16 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Friday, February 26th.

Diversified Energy Trading Down 2.1%

Shares of Diversified Energy stock opened at $13.36 on Thursday. Diversified Energy has a 12 month low of $12.35 and a 12 month high of $18.90. 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 stock’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $14.42.

Diversified Energy (NYSE:DEC – Get Free Report) last posted its 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 company had revenue of $442.30 million during the quarter, compared to analyst estimates of $492.98 million. As a group, equities research analysts expect that Diversified Energy will post 2.78 earnings per share for the current fiscal year.

Diversified Energy Company Profile

(Get Free Report)

Diversified Energy Company plc is an independent energy company focused on acquiring, operating and managing mature onshore oil and natural gas assets in the United States. Its portfolio includes producing wells, gathering systems and related infrastructure, with an emphasis on extending the productive life of existing assets through operational improvements and disciplined asset management.

The company’s operations are concentrated in several U.S. regions, including the Appalachian, Central and Rocky Mountain areas.

Further Reading

Dividend History for Diversified Energy (NYSE:DEC)

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