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Civitas Resources, Inc. Declares Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) declared a quarterly cash dividend of $1.50 per share, consisting of a base dividend of $0.50 per share and a variable dividend of $1.00 per share. The dividend is payable on June 26, 2024, to shareholders of record as of June 12, 2024.
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DENVER--(BUSINESS WIRE)--
Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.00 per share. Additional details regarding the calculation of the variable dividend can be found in the Company’s latest investor presentation located on its website.
About Civitas
Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg (“DJ”) and Permian Basins. Civitas has a proven business model combining capital discipline, a strong balance sheet, cash flow generation and sustainable cash returns to shareholders. Civitas employs leading ESG practices and is Colorado’s first carbon neutral oil and gas producer. For more information about Civitas, please visit www.civitasresources.com.
What is the quarterly cash dividend declared by Civitas Resources, Inc. (CIVI)?
Civitas Resources, Inc. (NYSE: CIVI) declared a quarterly cash dividend of $1.50 per share, consisting of a base dividend of $0.50 per share and a variable dividend of $1.00 per share.
When will the dividend be payable to shareholders?
The dividend declared by Civitas Resources, Inc. (CIVI) will be payable on June 26, 2024.
What is the record date for shareholders to receive the dividend?
Shareholders of Civitas Resources, Inc. (CIVI) as of June 12, 2024, will be eligible to receive the declared dividend.
Where can additional details about the variable dividend be found?
Additional details about the variable dividend can be found in Civitas Resources, Inc.'s latest investor presentation located on its website.
