SM ENERGY DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

SM Energy Company (NYSE: SM) has announced a quarterly cash dividend of $0.15 per share, set to be paid on February 6, 2023. This dividend will benefit stockholders of record as of the close of business on January 20, 2023. Currently, there are approximately 121.9 million shares outstanding, a decrease of around 900,000 shares due to repurchases made during Q4 2022.

Positive

• Quarterly cash dividend of $0.15 per share approved.
• Reduction of approximately 900,000 shares through repurchases indicates solid capital management.

Negative

• None.

DENVER, Dec. 29, 2022 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding. The dividend will be paid on February 6, 2023, to stockholders of record as of the close of business on January 20, 2023. The Company currently has approximately 121.9 million shares of common stock outstanding, which reflects a reduction of approximately 900,000 shares from the previously reported quarter that were repurchased by the Company during the fourth quarter of 2022.

ABOUT THE COMPANY

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com.

SM ENERGY INVESTOR CONTACTS

Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507

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SOURCE SM Energy Company

FAQ

What is the dividend amount declared by SM Energy?

SM Energy declared a quarterly cash dividend of $0.15 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 6, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is January 20, 2023.

How many shares of common stock does SM Energy have outstanding?

SM Energy currently has approximately 121.9 million shares of common stock outstanding.

Did SM Energy repurchase any shares recently?

Yes, SM Energy repurchased approximately 900,000 shares during the fourth quarter of 2022.