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Riley Permian Declares Quarterly Cash Dividend

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dividends
Rhea-AI Summary

Riley Exploration Permian, Inc. (NYSE American: REPX) has declared a cash dividend of $0.34 per share on its common stock. This dividend is scheduled for payment on May 9, 2023, to stockholders of record as of April 25, 2023. The announcement emphasizes the company’s commitment to returning value to its shareholders while continuing its focus on the acquisition, exploration, and production of oil and natural gas. This move reflects a strong cash position and signals ongoing confidence in the company's operations amidst market fluctuations.

Positive
  • Declaration of a cash dividend of $0.34 per share enhances shareholder value.
  • Dividend payout reflects company confidence in financial stability and performance.
Negative
  • None.

OKLAHOMA CITY, April 11, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.34 per share. The dividend is payable on May 9, 2023 to stockholders of record as of the close of business on April 25, 2023. 

About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.

Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-declares-quarterly-cash-dividend-301794054.html

SOURCE Riley Exploration Permian, Inc.

FAQ

What is the dividend payout amount for REPX?

Riley Exploration Permian has declared a dividend of $0.34 per share.

When is the dividend for REPX payable?

The dividend will be payable on May 9, 2023.

What is the record date for the dividend payment from REPX?

Stockholders of record as of April 25, 2023, will receive the dividend.

How does the dividend announcement impact REPX stock?

The announcement of the dividend is likely to boost investor confidence and enhance stock value.

Riley Exploration Permian, Inc.

NYSE:REPX

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754.91M
21.48M
27.32%
63.21%
1.13%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
OKLAHOMA CITY