By Colin Kellaher
Matador Resources' board has raised the energy company's quarterly dividend by 25% to 25 cents from 20 cents.
The new payout, equal to $1 a year, represents an annual yield of about 1.97% based on Tuesday's closing price of $50.66, up from 1.58%.
The Dallas company on Wednesday said the increased dividend is payable Dec. 6 to shareholders of record Nov. 15.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 16, 2024 06:44 ET (10:44 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.