SM Energy Approves 11% Increase In Fixed Quarterly Dividend Policy From $0.18 To $0.20 Per Share, Expected To Commence In Q4' 2024
Portfolio Pulse from Benzinga Newsdesk
SM Energy has approved an 11% increase in its fixed quarterly dividend policy, raising the dividend from $0.18 to $0.20 per share. This change is expected to commence in Q4 2024.
June 27, 2024 | 11:24 am
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SM Energy has approved an 11% increase in its fixed quarterly dividend policy, raising the dividend from $0.18 to $0.20 per share. This change is expected to commence in Q4 2024.
The increase in the dividend is a positive signal to investors, indicating confidence in the company's financial health and future cash flows. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100