SM Energy Declares Semi-Annual Cash Dividend

SM Energy Company (NYSE: SM) has declared a semi-annual cash dividend of $0.01 per share, set to be paid on November 4, 2020.

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Rhea-AI Sentiment

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Rhea-AI Summary

SM Energy Company (NYSE: SM) has declared a semi-annual cash dividend of $0.01 per share, set to be paid on November 4, 2020. Shareholders on record by the end of business on October 23, 2020 will receive this dividend. The company has approximately 114.6 million shares outstanding, indicating a total dividend payout of around $1.15 million. This announcement reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in crude oil and natural gas in Texas.

Positive

Declared a semi-annual cash dividend of $0.01 per share, enhancing shareholder returns.
Demonstrates commitment to provide value to shareholders.
Total dividend payout estimated at approximately $1.15 million.

Negative

None.

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News Market Reaction – SM

The recorded move for SM in the trading session of this news was +1.06%.

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09/23/2020 - 05:00 PM EDT

DENVER, Sept. 23, 2020 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors has approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on November 4, 2020, to stockholders of record as of the close of business on October 23, 2020. The Company currently has approximately 114.6 million shares of common stock outstanding.

ABOUT THE COMPANY

SM Energy Company is an independent energy company 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 CONTACT

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

View original content to download multimedia:http://www.prnewswire.com/news-releases/sm-energy-declares-semi-annual-cash-dividend-301136896.html

SOURCE SM Energy Company

FAQ

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

What is the dividend amount declared by SM Energy?

SM Energy has declared a cash dividend of $0.01 per share.

When is the dividend payment date for SM Energy?

The dividend will be paid on November 4, 2020.

What is the record date for the SM Energy dividend?

The record date for the dividend is October 23, 2020.

How many shares does SM Energy have outstanding?

SM Energy has approximately 114.6 million shares outstanding.

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