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PDC Energy Declares Quarterly Cash Dividend on Common Shares
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC’s outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023.
About PDC Energy, Inc.
PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and its Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones.
pdc energy, inc. ("pdc" or the "company") (nasdaq: pdce) is focused on delivering organic growth from a liquids-rich portfolio through horizontal drilling while maintaining a solid balance sheet and debt metrics. pdc’s strategy is simple: increase shareholder value through the growth of reserves, production, and per share cash flow and earnings, while focusing on safe and efficient operations, environmental stewardship and community outreach. pdc’s primary focus is developing its over 3,000 horizontal drilling locations in the core wattenberg field located in colorado. the company also operates in the liquid-rich utica shale play in ohio. pdc is committed to optimizing margins through efficient drilling operations and sound asset management.
