Permian Resources Declares Quarterly Cash Dividend

Rhea-AI Summary

Permian Resources Corporation (NYSE: PR) has declared a quarterly cash dividend of $0.05 per share of Class A common stock, translating to $0.20 annually. This dividend will be paid on March 15, 2023, to shareholders of record as of March 7, 2023. Permian Resources, based in Midland, Texas, is focused on the acquisition and development of high-return oil and natural gas properties, primarily in the Delaware Basin.

Positive

• Quarterly cash dividend of $0.05 per share showcases financial commitment to shareholders.
• Annualized dividend of $0.20 indicates stable income for investors.

Negative

• None.

MIDLAND, Texas--(BUSINESS WIRE)-- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. The dividend is payable on March 15, 2023 to shareholders of record as of March 7, 2023.

About Permian Resources

Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s assets and operations are located in the core of the Delaware Basin. For more information, please visit www.permianres.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005961/en/

Hays Mabry

Sr. Director, Investor Relations

(832) 240-3265

ir@permianres.com

Source: Permian Resources Corporation

FAQ

When is Permian Resources' next dividend payment?

The next dividend payment will be on March 15, 2023.

What is the dividend amount declared by Permian Resources?

Permian Resources has declared a dividend of $0.05 per share.

What is the annualized dividend for Permian Resources?

The annualized dividend for Permian Resources is $0.20 per share.

Who is eligible for the dividend from Permian Resources?

Shareholders of record as of March 7, 2023, are eligible for the dividend.