Cimarex Energy Declares Quarterly Cash Dividend

Rhea-AI Summary

Cimarex Energy Co. (NYSE: XEC) has declared a quarterly cash dividend of $0.27 per share, representing a 23% increase from the previous dividend of $0.22. This dividend will be payable on June 1, 2021, to stockholders of record as of May 14, 2021. The indicated annual rate stands at $1.08 per share.

As an independent oil and gas exploration and production company, Cimarex operates primarily in the Permian Basin and Mid-Continent areas of the U.S., highlighting its robust position in the energy sector.

Positive

• Quarterly dividend increased by 23%, signaling strong company performance.
• Indicated annual dividend rate of $1.08 per share, providing income to shareholders.

Negative

• None.

DENVER, Feb. 18, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.27 per share.  The dividend is payable on June 1, 2021, to stockholders of record on May 14, 2021. 

The quarterly dividend of $0.27 per share is a 23 percent increase from the previous dividend of $0.22 per share.  The indicated annual rate is $1.08 per share.

About 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.

 

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SOURCE Cimarex Energy Co.

FAQ

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

Cimarex Energy has declared a quarterly dividend of $0.27 per share.

When will the dividend be paid for XEC?

The dividend will be payable on June 1, 2021.

What was the previous dividend amount before the increase for XEC?

The previous dividend was $0.22 per share.

What is the annual dividend rate for Cimarex Energy?

The indicated annual dividend rate is $1.08 per share.