Diversified Energy Company PLC (NYSE:DEC) to Issue $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. Shareholders 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 dividend yield of 7.5%. The ex-dividend date is Monday, December 1st.

Diversified Energy Stock Performance

Shares of NYSE DEC traded down $0.20 during midday trading on Tuesday, reaching $15.37. The company had a trading volume of 306,641 shares, compared to its average volume of 445,295. The business's 50-day simple moving average is $14.67 and its 200 day simple moving average is $13.92. Diversified Energy has a 1 year low of $10.08 and a 1 year high of $17.70. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.26.

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.

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