Permian Resources Declares Inaugural Quarterly Cash Dividend

Permian Resources Corporation (NYSE: PR) announced a quarterly cash dividend of $0.05 per share, equating to $0.20 annually.

Rhea-AI Impact

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Rhea-AI Sentiment

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Rhea-AI Summary

Permian Resources Corporation (NYSE: PR) announced a quarterly cash dividend of $0.05 per share, equating to $0.20 annually. This dividend is payable on November 29, 2022 to shareholders recorded by November 21, 2022. The company is dedicated to the efficient acquisition and development of oil and natural gas in the Delaware Basin, focusing on high-return properties.

Positive

Quarterly cash dividend of $0.05 per share enhances shareholder income.
Annualized dividend yield of $0.20 reflects company confidence.

Negative

None.

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-9.82% session move Open Argus

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News Market Reaction – PR

The recorded move for PR in the trading session of this news was -9.82%.

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11/08/2022 - 04:03 PM

MIDLAND, Texas, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. The dividend is payable on November 29, 2022 to shareholders of record as of November 21, 2022.

About Permian Resources

Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s assets and operations are located in the core of the Delaware Basin. For more information, please visit www.permianres.com.

Contact:
Hays Mabry
Sr. Director, Investor Relations
(832) 240-3265
ir@permianres.com

FAQ

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

What is the dividend amount declared by Permian Resources?

Permian Resources declared a quarterly cash dividend of $0.05 per share.

When is the dividend payable for Permian Resources?

The dividend is payable on November 29, 2022.

What is the annualized dividend for Permian Resources?

The annualized dividend is $0.20 per share.

What is the record date for the dividend payment?

The record date for the dividend payment is November 21, 2022.

How does the dividend impact shareholders of Permian Resources?

The dividend increase indicates the company's confidence in generating shareholder income.

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