Permian Resources Increases Its Quarterly Base Dividend From $0.06 Per Share To $0.15 Per Share ($0.60 Per Share Annually), Representing A 150% Increase To The Company's Prior Base Dividend
Portfolio Pulse from Benzinga Newsdesk
Permian Resources has announced a significant increase in its quarterly base dividend from $0.06 to $0.15 per share, marking a 150% rise. This change reflects a new annual dividend of $0.60 per share.
September 03, 2024 | 10:53 am
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Permian Resources has increased its quarterly dividend by 150%, from $0.06 to $0.15 per share, indicating a strong financial position and commitment to returning value to shareholders.
The 150% increase in the dividend suggests that Permian Resources is in a strong financial position and is committed to returning value to its shareholders. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100