SM ENERGY DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

SM Energy Company (NYSE: SM) has announced an increased quarterly cash dividend of $0.20 per share of common stock outstanding. This decision was approved by the company's Board of Directors. The dividend is set to be paid on November 4, 2024, to stockholders of record as of the close of business on October 25, 2024. This announcement reflects SM Energy's commitment to providing value to its shareholders through regular dividend payments.

Positive

• Increased quarterly cash dividend to $0.20 per share
• Demonstrates company's ability to return value to shareholders

Negative

• None.

News Market Reaction

+4.57%

1 alert

+4.57% News Effect

On the day this news was published, SM gained 4.57%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, Sept. 26, 2024 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors approved the increased quarterly cash dividend of $0.20 per share of common stock outstanding. The dividend will be paid on November 4, 2024, to stockholders of record as of the close of business on October 25, 2024.

ABOUT THE COMPANY

SM Energy Company is an independent energy company currently engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com.

SM ENERGY INVESTOR CONTACTS

Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507

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SOURCE SM Energy Company

FAQ

What is SM Energy's new quarterly dividend amount?

SM Energy's new quarterly dividend amount is $0.20 per share of common stock outstanding.

When will SM Energy (SM) pay its next dividend?

SM Energy (SM) will pay its next dividend on November 4, 2024.

What is the record date for SM Energy's upcoming dividend?

The record date for SM Energy's upcoming dividend is October 25, 2024, at the close of business.

Has SM Energy (SM) increased its dividend?

Yes, SM Energy (SM) has announced an increased quarterly cash dividend, as stated in their press release.