Cimarex Energy Approves Dividend on Preferred Stock

Cimarex Energy Co. (NYSE: XEC) announced a cash dividend of $20.3125 per share on its 8⅛ percent Series A Preferred Stock.

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(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

Cimarex Energy Co. (NYSE: XEC) announced a cash dividend of $20.3125 per share on its 8⅛ percent Series A Preferred Stock. The dividend, covering the period from January 16 to April 15, 2021, will be payable on April 15, 2021, to shareholders of record as of April 1, 2021. This reflects the company's ongoing commitment to return value to its investors.

Positive

Cash dividend of $20.3125 per share approved.
Dividend payment demonstrates financial stability and commitment to shareholders.

Negative

None.

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News Market Reaction – XEC

The recorded move for XEC in the trading session of this news was +3.40%.

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02/19/2021 - 04:06 PM

DENVER, Feb. 19, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on April 15, 2021, to holders of record at the close of business on April 1, 2021, and is for the period beginning on January 16, 2021 and ending on April 15, 2021.

About Cimarex Energy
Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S.

View original content:http://www.prnewswire.com/news-releases/cimarex-energy-approves-dividend-on-preferred-stock-301231836.html

SOURCE Cimarex Energy Co.

FAQ

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

What is the dividend amount approved by Cimarex Energy (XEC)?

The approved dividend amount is $20.3125 per share.

When will Cimarex Energy (XEC) pay its dividend?

The dividend will be paid on April 15, 2021.

What is the record date for the dividend payment from Cimarex Energy (XEC)?

The record date for the dividend payment is April 1, 2021.

What period does the Cimarex Energy (XEC) dividend cover?

The dividend covers the period from January 16, 2021, to April 15, 2021.

Cimarex Energy Approves Dividend on Preferred Stock