Riley Permian Increases Quarterly Cash Dividend

Riley Exploration Permian has declared a cash dividend of $0.34 per share on its common stock.

Rhea-AI Summary

Riley Exploration Permian has declared a cash dividend of $0.34 per share on its common stock. The dividend is set to be paid on November 7, 2022, to stockholders of record as of October 24, 2022. This announcement reflects the company’s growth-oriented strategy in the oil and gas sector, emphasizing its commitment to returning value to shareholders while focusing on acquisition, exploration, and production activities.

Positive

• Declared a quarterly cash dividend of $0.34 per share.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

Argus Publication session

+1.15% session move Open Argus

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News Market Reaction – REPX

In the trading session that priced this news, REPX gained 1.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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OKLAHOMA CITY, Oct. 10, 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 $0.34 per share. The dividend is payable on November 7, 2022 to stockholders of record as of the close of business on October 24, 2022.

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.

FAQ

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

What is the dividend amount declared by Riley Exploration Permian?

The dividend amount declared is $0.34 per share.

When will the dividend be paid to stockholders?

The dividend will be paid on November 7, 2022.

Who is eligible for the dividend payment?

Stockholders of record as of October 24, 2022, are eligible for the dividend payment.