Diversified Energy Company PLC (LON:DEC) Increases Dividend to $0.29 Per Share

Diversified Energy Company PLC (LON:DEC - Get Free Report) announced a dividend on Thursday, May 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 29th will be given a dividend of $0.29 per share on Friday, September 27th. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Diversified Energy's previous dividend of $0.04. The official announcement can be seen at this link.

Diversified Energy Stock Performance

Diversified Energy stock traded down GBX 23 ($0.29) during mid-day trading on Thursday, hitting GBX 1,111 ($13.96). 200,631 shares of the company's stock traded hands, compared to its average volume of 350,409. The company has a market cap of £528.61 million, a PE ratio of 87.97, a price-to-earnings-growth ratio of -0.32 and a beta of 0.16. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 218.54. The firm has a 50 day moving average price of GBX 1,002.31 and a 200 day moving average price of GBX 822.90. Diversified Energy has a one year low of GBX 822.50 ($10.33) and a one year high of GBX 1,963 ($24.66).

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.