GeoPark Announces Quarterly Cash Dividend of $0.0205 Per Share

Rhea-AI Summary

GeoPark Limited (NYSE: GPRK) has declared a quarterly cash dividend of $0.0205 per share, totaling $1.25 million, payable on May 28, 2021, to shareholders of record by May 17, 2021. The company is focused on delivering strong operational and financial performance while generating free cash flow and returning value to shareholders. Additional information is available on the company’s website.

Positive

• Declared quarterly cash dividend of $0.0205 per share, demonstrating commitment to shareholder returns.
• Projected strong operational performance and free cash flow generation.

Negative

• Forward-looking statements exhibit inherent risks and uncertainties that could affect future results.

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced its Board of Directors has declared its quarterly cash dividend of $0.0205 per share ($1.25 million in the aggregate) payable on May 28, 2021 to the shareholders of record at the close of business on May 17, 2021.

GeoPark is on track to deliver strong operational and financial performance and free cash flow generation while remaining committed to returning value to its shareholders.

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

Certain amounts included in this press release have been rounded for ease of presentation.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including expected future financial performance and free cash flow generation. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20210505006191/en/

FAQ

What is the dividend amount declared by GeoPark for May 2021?

GeoPark has declared a dividend of $0.0205 per share for May 2021.

When will the dividend be paid to shareholders of GeoPark?

The dividend will be paid on May 28, 2021, to shareholders of record by May 17, 2021.

What is the total amount of the dividend declared by GeoPark?

The total amount of the declared dividend is $1.25 million.

What are the forward-looking statements in GeoPark's press release?

The forward-looking statements pertain to expected future financial performance and free cash flow generation, subject to risks and uncertainties.