Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

Rhea-AI Summary

Granite Ridge Resources, Inc. (NYSE: GRNT) Declares Quarterly Dividend of $0.11 per Share

DALLAS--(BUSINESS WIRE)-- Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced that its Board of Directors declared a regular quarterly dividend of $0.11 per share payable on December 15, 2023 to shareholders of record as of December 1, 2023. Future declarations of dividends are subject to approval by the Board of Directors.

About Granite Ridge

Granite Ridge is a scaled, non-operated oil & gas exploration and production company. We invest in a diversified portfolio of production and top-tier acreage across the Permian and four other prolific US basins in partnership with proven operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for our team, and delivering reliable energy solutions to all – safely and responsibly. For more information, visit Granite Ridge’s website at www.graniteridge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231117853235/en/

Investor and Media Contact: IR@GraniteRidge.com – (214) 396-2850

Source: Granite Ridge Resources, Inc.

FAQ

What is the dividend declared by Granite Ridge Resources, Inc.?

Granite Ridge Resources, Inc. declared a regular quarterly dividend of $0.11 per share.

When will the dividend be payable to shareholders?

The dividend will be payable on December 15, 2023.

What is the record date for shareholders to receive the dividend?

Shareholders of record as of December 1, 2023, will receive the dividend.

Are future declarations of dividends guaranteed?

Future declarations of dividends are subject to approval by the Board of Directors.