ACCESS Newswire
16 May 2022, 16:07 GMT+10
BIRMINGHAM, AL / ACCESSWIRE / May 16, 2022 / Diversified Energy Company PLC (LSE:DEC) ('Diversified' or 'the Company') is pleased to announce that the Board has declared an interim dividend of 4.25 cents per share in respect of 1Q22 for the three month period ended March 31, 2022, consistent with 4Q21 and a 6% increase over 1Q21 (4.00 cents).
Key dates related to the declared dividend include:
Rusty Hutson, Jr., CEO of Diversified, commented:
'We are pleased to declare our first quarter dividend for shareholders as we integrate and generate cash flow from the Central Region assets we acquired in the latter half of last year. Our commitment to target long-life, low-decline producing assets and their complementary midstream and processing facility assets has allowed us to pay and declare approximately $450 million in dividends alongside significant distributions benefiting our other stakeholders including significant debt payments, funding our comprehensive ESG commitments, and funding our asset retirement commitments including the purchase of two established well-retirement companies in Appalachia.'
Diversified will pay the dividend in U.S. dollars while continuing to make available to shareholders a sterling election. For those shareholders who wish to receive their dividend payment in sterling, and who have not yet completed a currency election form, the Company has made available a dividend election form on its website at https://ir.div.energy/dividend-information. Shareholders who wish to receive sterling should submit the currency election form to Computershare Investor Services no later than September 07, 2022.
Diversified will announce the sterling value of the dividend payable per share approximately two weeks prior to the payment date.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
About Diversified Energy Company PLC
Diversified Energy Company PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.
###
SOURCE: Diversified Energy Company PLC
Get a daily dose of St Louis Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Louis Star.
More InformationZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire...
THE HAGUE, Netherlands: The city that prides itself on being a beacon of peace and justice—home to institutions like the International...
BUENOS AIRES, Argentina: Since taking office in December 2023, Argentine President Javier Milei has implemented sweeping austerity...
LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....
MADRID, Spain: A routine oversight by Spain's power grid operator, REE, has been identified as the trigger behind the large-scale blackout...
WASHINGTON, DC - In a bid to defuse speculation, U.S. President Donald Trump says he will make his decision on whether to have the...
SAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...
NEW YORK, New YorK - U.S. stocks closed mixed on Friday, with gains and losses modest, as investors and traders weighed up the escalation...
WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...
WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...
INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...
BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...