Diversified Energy Company PLC (DEC) to Issue Quarterly Dividend of $0.29 on March 31st

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

Diversified Energy Stock Up 7.4%

Shares of DEC opened at $13.57 on Wednesday. The company has a market capitalization of $654.54 million, a P/E ratio of 9.23 and a beta of 0.62. The firm has a 50 day moving average of $14.08 and a 200 day moving average of $14.24. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC boosted its stake in shares of Diversified Energy by 273.1% during the 2nd quarter. CWM LLC now owns 1,787 shares of the company’s stock worth $26,000 after acquiring an additional 1,308 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Diversified Energy during the 3rd quarter worth $47,000. Allworth Financial LP boosted its stake in shares of Diversified Energy by 10,143.9% during the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock worth $62,000 after acquiring an additional 4,159 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of Diversified Energy during the 2nd quarter valued at $73,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock valued at $74,000 after buying an additional 3,666 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

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.