Hess Announces Increased Regular Quarterly Dividend On Common Stock

Rhea-AI Summary

The Board of Directors of Hess Corporation (NYSE: HES) has declared a quarterly dividend of 43.75 cents per share, payable on March 30, 2023, to shareholders on record by March 13, 2023. This marks a significant 17% increase from the fourth quarter of 2022, equating to an additional 25 cents per share on an annualized basis. Hess Corporation is a global independent energy company involved in the exploration and production of crude oil and natural gas, emphasizing its commitment to delivering shareholder value through consistent dividend growth.

Positive

• Quarterly dividend increased by 17% compared to Q4 2022.
• Dividend amount set at 43.75 cents per share, enhancing shareholder returns.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on March 30, 2023 to holders of record at the close of business on March 13, 2023. The dividend represents an approximate 17% increase compared to the dividend for the fourth quarter of 2022, which equals a 25 cent increase per share on an annualized basis.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301006095/en/

For Hess Corporation



Investor Contact:

Jay Wilson

(212) 536-8940



Media Contact:

Lorrie Hecker

(212) 536-8250

lhecker@hess.com

Source: Hess Corporation

FAQ

What is the dividend amount declared by Hess Corporation?

Hess Corporation declared a quarterly dividend of 43.75 cents per share.

When will Hess Corporation's dividend be paid?

The dividend will be paid on March 30, 2023.

What is the record date for the dividend payment from Hess Corporation?

The record date for the dividend payment is March 13, 2023.

How much has Hess Corporation increased its dividend?

Hess Corporation's dividend has increased by approximately 17% compared to the fourth quarter of 2022.