Riley Permian Declares Quarterly Cash Dividend
Rhea-AI Summary
Riley Exploration Permian, Inc. (NYSE American: REPX) has announced a cash dividend of $0.31 per share on its common stock. This dividend will be paid on May 5, 2022 to stockholders of record by the close of business on April 21, 2022. The declaration reflects the company's commitment to returning value to its shareholders while focusing on growth in oil and natural gas production.
Positive
- Dividend of $0.31 per share enhances shareholder income.
- Demonstrates company confidence in financial stability and performance.
Negative
- None.
News Market Reaction – REPX
In the trading session that priced this news, REPX declined 7.17%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OKLAHOMA CITY, April 11, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.
Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com
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SOURCE Riley Exploration Permian, Inc.