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Granite Ridge Resources Declares $0.11 Quarterly Cash Dividend

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Rhea-AI Summary

Granite Ridge Resources announced a quarterly cash dividend of $0.11 per share. This dividend will be payable on June 14, 2024, to shareholders who are on record as of May 31, 2024. Future dividend declarations are subject to the approval of the Board of Directors.

Positive
  • Granite Ridge Resources declared a $0.11 quarterly cash dividend.
  • Dividend payable on June 14, 2024.
  • Shareholders of record as of May 31, 2024, will receive the dividend.
Negative
  • Future dividend declarations are subject to board approval, adding an element of uncertainty.

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 June 14, 2024 to shareholders of record as of May 31, 2024. 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.

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

Source: Granite Ridge Resources, Inc.

FAQ

When will Granite Ridge Resources pay the announced dividend?

The dividend will be paid on June 14, 2024.

What is the dividend amount announced by Granite Ridge Resources?

Granite Ridge Resources announced a quarterly dividend of $0.11 per share.

What is the record date for Granite Ridge Resources' dividend?

The record date for the dividend is May 31, 2024.

Is Granite Ridge Resources' dividend declaration final?

No, future dividend declarations are subject to board approval.

Granite Ridge Resources, Inc.

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Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
DALLAS