EQT Announces 20 Percent Increase to Quarterly Cash Dividend

EQT Corporation (NYSE: EQT) has declared a quarterly cash dividend of $0.15 per share, an increase of 20%, effective September 1, 2022.

Rhea-AI Summary

EQT Corporation (NYSE: EQT) has declared a quarterly cash dividend of $0.15 per share, an increase of 20%, effective September 1, 2022. Shareholders on record by August 9, 2022, will receive this dividend, totaling $0.60 annually. CEO Toby Z. Rice highlighted this increase as a sign of confidence in the company's sustainable cash generation and commitment to long-term shareholder returns.

Positive

• Quarterly cash dividend increased by 20% to $0.15 per share.
• Annualized dividend now totals $0.60 per share, reflecting confidence in cash generation.

Negative

• None.

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PITTSBURGH, July 20, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its board of directors declared a quarterly cash dividend of $0.15 per share, payable on September 1, 2022, to shareholders of record at the close of business on August 9, 2022.  The increase of the quarterly cash dividend to $0.15 per share ($0.60 per share, annually) represents a 20 percent increase to EQT's regular quarterly cash dividend.

President and CEO Toby Z. Rice stated, "In December, EQT reinstated its base dividend. Today, we are pleased to announce we are increasing it by 20 percent to $0.60 per share on an annualized basis, which highlights our confidence in the sustainability of our business and cash generation. Consistent and reliable long-term base dividend growth is a key tenant of our shareholder return framework, and today's actions underscore our commitment to this strategy."

Investor Contact:
Cameron Horwitz
Managing Director, Investor Relations & Strategy
412.395.2555
Cameron.Horwitz@eqt.com

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.

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SOURCE EQT Corporation (EQT-IR)

FAQ

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

What is the new quarterly dividend amount for EQT?

EQT has announced a new quarterly dividend of $0.15 per share.

When will the EQT dividend be paid?

The EQT dividend will be paid on September 1, 2022.

What is the annual dividend for EQT after the increase?

The annual dividend for EQT is now $0.60 per share.

When is the record date for EQT's dividend?

The record date for EQT's dividend is August 9, 2022.

How much has EQT increased its dividend?

EQT has increased its dividend by 20%.