Cimarex Energy Co. Approves Dividend on Preferred Stock

Rhea-AI Summary

Cimarex Energy Co. (NYSE: XEC) has announced a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. This dividend is payable on July 15, 2021, to shareholders on record as of July 1, 2021, covering the period from April 16, 2021 to July 15, 2021. The company operates primarily in the Permian Basin and Mid-Continent regions of the U.S., focusing on oil and gas exploration and production.

Positive

• Declared a cash dividend of $20.3125 per share for Series A Preferred Stock.
• Demonstrates company confidence in maintaining shareholder returns.

Negative

• None.

DENVER, May 14, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on July 15, 2021, to holders of record at the close of business on July 1, 2021, and is for the period beginning on April 16, 2021 and ending on July 15, 2021.

Cimarex Energy 
Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S. For more information about Cimarex, visit www.cimarex.com.

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SOURCE Cimarex Energy Co.

FAQ

What is the dividend amount for Cimarex Energy (XEC)?

Cimarex Energy has declared a dividend of $20.3125 per share.

When will Cimarex Energy (XEC) pay the dividend?

The dividend will be paid on July 15, 2021.

What is the record date for Cimarex Energy's (XEC) dividend?

The record date for the dividend is July 1, 2021.

What is the frequency of dividends for Cimarex Energy (XEC)?

The company pays dividends on its preferred stock, but frequency can vary.

What period does the Cimarex Energy (XEC) dividend cover?

The dividend covers the period from April 16, 2021, to July 15, 2021.