Diversified Energy Company announces Return of Capital options for Shareholders

Diversified Energy Company PLC (LON:DEC; NYSE:DEC) has announced that, following the announcement on 15 November 2023 of the interim dividend for the three-month period ended 30 September 2023, the Company intends to offer shareholders with an opportunity to elect how they will receive the return of capital of approximately US$42 million, in aggregate. The Company will return the same amount of the previously declared Third Quarter Dividend, but shareholders will be offered the optionality as to how they receive that payment.

The Directors believe that the current trading price of the shares does not reflect the quality of the Company’s assets nor the significant opportunities for the Company’s long-term strategy. The Directors therefore consider that the repurchase of shares is a prudent use of capital for the Company and is in the best interests of the shareholders.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Diversified Energy Company plc

    More articles like this

    Diversified Energy Company plc

    Diversified Energy Company announces Investor Meeting schedule

    Diversified Energy Company PLC (LON/NYSE: DEC) has announced plans for members of its management team to participate in the following upcoming investor meetings and conferences: •     Stifel Investor Meetings- Wednesday, May 23, Dallas Rusty Hutson (CEO), Brad Gray

    Diversified Energy Company plc

    Diversified Energy Company declares first quarter dividend

    Diversified Energy Company PLC (LON/NYSE:DEC) has announced that the Board has declared an interim dividend of 29 cents per share in respect of 1Q24 for the three month period ended March 31, 2024. Key dates related to this dividend include: Record Date:  

    Diversified Energy Company plc

    Diversified Energy Company: Let your potential thrive

    Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.