COMSTOCK RESOURCES, INC. DECLARES QUARTERLY DIVIDEND

Comstock Resources, Inc. (NYSE: CRK) has reinstated a quarterly cash dividend for Q4 2022, setting it at an annual rate of $0.50 per share.

Rhea-AI Summary

Comstock Resources, Inc. (NYSE: CRK) has reinstated a quarterly cash dividend for Q4 2022, setting it at an annual rate of $0.50 per share. Stockholders will receive $0.125 per share, with payment scheduled for December 15, 2022, to those on record as of December 1, 2022. This move reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Positive

• Reinstatement of quarterly cash dividend at $0.50 annual rate.
• Dividend payment of $0.125 per share on December 15, 2022.

Negative

• None.

Argus Publication session

-1.77% session move Open Argus

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News Market Reaction – CRK

In the trading session that priced this news, CRK declined 1.77%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FRISCO, TX, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today announced that its Board of Directors approved the reinstatement of a quarterly cash dividend on its common stock for the fourth quarter at an annual dividend rate of $0.50 per share. A dividend of $0.125 per common share will be paid on December 15, 2022 to stockholders of record at the close of business on December 1, 2022.  

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.

Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Comstock Resources (CRK) for Q4 2022?

Comstock Resources declared a quarterly cash dividend of $0.125 per share for Q4 2022.

When will Comstock Resources (CRK) pay its dividend?

The dividend will be paid on December 15, 2022.

What is the record date for the dividend from Comstock Resources (CRK)?

The record date for the dividend is December 1, 2022.

What is the annual dividend rate for Comstock Resources (CRK)?

The annual dividend rate for Comstock Resources is $0.50 per share.