Matador Resources Company Declares Quarterly Cash Dividend

Rhea-AI Summary

Matador Resources Company (NYSE: MTDR) announced a quarterly cash dividend of $0.025 per share, payable on June 3, 2021, to shareholders of record as of May 13, 2021. This dividend reflects Matador's ongoing commitment to returning value to its shareholders. The company focuses on oil and natural gas exploration and production in key areas including the Wolfcamp and Bone Spring plays in the Delaware Basin, as well as operations in the Eagle Ford and Haynesville shale plays.

Positive

• Quarterly cash dividend of $0.025 per share indicates company confidence in financial health.
• Dividend payable on June 3, 2021, reflects ongoing commitment to shareholder value.

Negative

• None.

Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share of common stock payable on June 3, 2021 to shareholders of record as of May 13, 2021.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005382/en/

FAQ

When is the dividend payment date for MTDR?

The dividend payment date for MTDR is June 3, 2021.

What is the amount of the dividend declared by Matador Resources?

Matador Resources declared a dividend of $0.025 per share.

Who are eligible shareholders for the MTDR dividend?

Shareholders of record as of May 13, 2021, are eligible for the MTDR dividend.

Is MTDR a good investment for dividends?

Matador's consistent dividend payments may indicate a stable investment opportunity for income-seeking shareholders.