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

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

Diversified Energy Price Performance

Shares of NYSE:DEC traded up $0.76 during midday trading on Friday, hitting $13.98. 721,894 shares of the stock were exchanged, compared to its average volume of 570,495. Diversified Energy has a 52-week low of $10.08 and a 52-week high of $16.85. The business’s fifty day simple moving average is $13.45 and its two-hundred day simple moving average is $14.13.

Diversified Energy (NYSE:DEC) last issued its earnings results on Friday, February 6th. The company reported $2.28 EPS for the quarter. As a group, sell-side analysts predict that Diversified Energy will post 0.18 earnings per share for the current fiscal year.

Diversified Energy Company Profile

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.