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, amounting to $1.25 million in total, payable on April 13, 2021. Shareholders of record by March 31, 2021 will be eligible for this dividend. The company aims to ensure strong operational and financial performance along with free cash flow generation while focusing on returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.0205 per share announced.
• Total dividend payout of $1.25 million promotes shareholder value.
• Strong commitment to operational and financial performance.

Negative

• None.

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 April 13, 2021 to the shareholders of record at the close of business on March 31, 2021.

GeoPark plans to deliver another year of strong operational and financial performance and free cash flow generation while remaining committed to returning value to its shareholders.

NOTICE

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 the expected future operational and 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/20210310006035/en/

FAQ

What is the dividend amount announced by GeoPark for GPRK?

GeoPark has announced a quarterly cash dividend of $0.0205 per share.

When will the dividend be paid for GPRK?

The dividend will be paid on April 13, 2021.

What is the record date for the dividend payment by GeoPark?

The record date for the dividend payment is March 31, 2021.