Riley Permian Increases Dividend From $0.36 To $0.38 Per Share
Portfolio Pulse from Benzinga Newsdesk
Riley Exploration Permian, Inc. (NYSE:REPX) has announced a 6% increase in its quarterly dividend, raising it from $0.36 to $0.38 per share. The dividend will be payable on November 7, 2024, to shareholders of record as of October 24, 2024.
October 10, 2024 | 8:05 pm
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Riley Exploration Permian has increased its quarterly dividend by 6% to $0.38 per share, indicating a positive outlook and potential shareholder value.
The increase in dividend suggests that Riley Permian is confident in its cash flow and financial stability, which is generally perceived positively by investors. This could lead to a short-term increase in stock price as investors seek to benefit from the higher dividend yield.
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