U.S. Energy Corp. Declares Quarterly Cash Dividend

Rhea-AI Summary

U.S. Energy Corp. (NASDAQCM: USEG) has declared a cash dividend of $0.0225 per share on its common stock. This dividend is set to be paid on November 22, 2022, to stockholders who are on record as of the close of business on November 8, 2022. The Company continues to focus on capital returns to shareholders through a portfolio of low decline energy assets.

Positive

• Cash dividend of $0.0225 per share enhances shareholder returns.
• Dividend payment demonstrates company confidence in financial stability.

Negative

• None.

HOUSTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.0225 per share. The dividend is payable on November 22, 2022 to stockholders of record as of the close of business on November 8, 2022.

About U.S. Energy Corp.

We are a growth focused energy company engaged in operating a portfolio of mature, low decline assets that is expected to allow us to execute on a leading capital returns program to shareholders. More information about U.S. Energy Corp. can be found at www.usnrg.com.

Corporate Contact:

Ryan Smith
Chief Executive Officer
IR@usnrg.com
(303) 993-3200
www.usnrg.com

FAQ

What is the dividend amount declared by U.S. Energy Corp. for USEG?

The dividend amount declared is $0.0225 per share.

When is the dividend payable for U.S. Energy Corp. stock?

The dividend is payable on November 22, 2022.

What is the record date for the dividend payment for USEG?

The record date is November 8, 2022.

How often does U.S. Energy Corp. declare dividends?

The press release does not specify the frequency of dividend declarations.