Diversified Energy Company PLC (NYSE:DEC) Announces $0.29 Quarterly Dividend

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.29 per share on Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend is Friday, February 28th.

Diversified Energy Price Performance

Shares of DEC traded up $0.21 during midday trading on Friday, hitting $14.36. The company had a trading volume of 207,184 shares, compared to its average volume of 264,498. Diversified Energy has a 52 week low of $10.54 and a 52 week high of $18.69. The company’s 50 day moving average price is $11.84 and its 200 day moving average price is $13.34.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price target on the stock. Truist Financial cut their price objective on Diversified Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, September 30th.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.