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

Key Points

• Diversified Energy Company PLC has declared a quarterly dividend of $0.29 per share, to be paid on December 31st to shareholders of record on December 1st.
• The company has a dividend yield of 7.5%, indicating a robust return for shareholders based on the current stock price.
• As of recent trading, Diversified Energy shares were down to $15.37 with fluctuating trading volumes, following a performance range of a $10.08 low and a $17.70 high in the past year.

Diversified Energy Company PLC (NYSE:DEC - Get Free Report) declared a quarterly dividend on Tuesday, August 12th, Wall Street Journal reports. Investors of record on Monday, December 1st will be given a dividend of 0.29 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, December 1st.

Diversified Energy Trading Down 0.2%

DEC traded down $0.03 during trading on Friday, reaching $15.13. 293,368 shares of the company traded hands, compared to its average volume of 290,896. The company has a current ratio of 0.54, a quick ratio of 0.40 and a debt-to-equity ratio of 3.47. Diversified Energy has a 12-month low of $10.08 and a 12-month high of $17.70. The firm has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $13.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Diversified Energy by 31.8% in the 4th quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company's stock valued at $2,195,000 after purchasing an additional 31,509 shares during the last quarter. Wells Fargo & Company MN lifted its position in Diversified Energy by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 27,287 shares of the company's stock worth $458,000 after buying an additional 1,085 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Diversified Energy by 801.2% during the fourth quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company's stock worth $848,000 after buying an additional 44,900 shares during the period. Invesco Ltd. increased its position in Diversified Energy by 1.7% during the fourth quarter. Invesco Ltd. now owns 39,195 shares of the company's stock valued at $658,000 after acquiring an additional 638 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Diversified Energy during the fourth quarter valued at $223,000. Hedge funds and other institutional investors own 26.51% of the company's stock.

Diversified Energy Company Profile

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.