Riley Permian Increases Quarterly Cash Dividend From $0.34 To $0.36 Per Share
Portfolio Pulse from Benzinga Newsdesk
Riley Exploration Permian, Inc. (NYSE:REPX) has announced an increase in its quarterly cash dividend from $0.34 to $0.36 per share. The dividend will be payable on November 9, 2023 to stockholders of record as of the close of business on October 26, 2023.
October 12, 2023 | 8:32 pm
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Riley Exploration Permian's decision to increase its quarterly cash dividend could be seen as a positive sign of the company's financial health, potentially leading to increased investor confidence.
Dividend increases are often seen as a sign of a company's strong financial health. As such, this news could lead to increased investor confidence in REPX, potentially driving up the stock price in the short term.
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