Falcon Minerals Corporation Declares Dividend for Fourth Quarter 2020

Rhea-AI Summary

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) has declared a dividend of $0.075 per Class A share for the fourth quarter of 2020. This represents a 15% increase over the previous quarter’s dividend. The dividend will be paid on March 8, 2021, to all shareholders of record as of February 25, 2021. Falcon Minerals specializes in acquiring oil-weighted mineral rights and owns approximately 336,000 gross unit acres across the Eagle Ford Shale, Austin Chalk, and Marcellus Shale, positioning the company for growth in the energy sector.

Positive

• Declared dividend of $0.075 per Class A share reflects confidence in the company's financial health.
• 15% increase in quarterly dividend signals potential for shareholder income growth.

Negative

• None.

Falcon Minerals Corporation (“Falcon,” or the “Company,” “we,” “our,”) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals company, announces today that Falcon’s Board of Directors has declared a dividend of $0.075 per Class A share for the fourth quarter 2020. The fourth quarter 2020 dividend represents an increase of approximately 15% over the third quarter 2020 dividend. The dividend for the fourth quarter 2020 will be paid on March 8, 2021 to all Class A shareholders of record on February 25, 2021.

About Falcon Minerals

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) is a C-Corporation formed to own and acquire high growth oil-weighted mineral rights. Falcon Minerals owns mineral, royalty, and over-riding royalty interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas. The Company also owns approximately 80,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia. For more information, visit our website at www.falconminerals.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210211005932/en/

FAQ

What is the dividend amount declared by Falcon Minerals for Q4 2020?

Falcon Minerals declared a dividend of $0.075 per Class A share for Q4 2020.

When will the dividend be paid to Falcon Minerals shareholders?

The dividend will be paid on March 8, 2021.

What date is the record for Falcon Minerals' dividend payment?

The record date for the dividend payment is February 25, 2021.

How much was the increase in the dividend compared to the previous quarter?

The fourth quarter dividend represents a 15% increase over the third quarter.

What mineral rights does Falcon Minerals own?

Falcon Minerals owns approximately 336,000 gross unit acres in the Eagle Ford Shale, Austin Chalk, and Marcellus Shale.