Cimarex Energy Approves Dividend on Preferred Stock

(Neutral)

Rhea-AI Summary

Cimarex Energy Co. (NYSE: XEC) has declared a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. This dividend will be payable on January 15, 2021, to shareholders on record as of January 1, 2021. The dividend pertains to the period from October 16, 2020 to January 15, 2021.

Positive

Declaration of a dividend of $20.3125 per share indicates a commitment to returning value to shareholders.
Payment schedule shows reliability and stability in cash management.

Negative

None.

News Market Reaction – XEC

-2.11%

-2.11% Session move

In the trading session that priced this news, XEC declined 2.11%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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12/04/2020 - 04:01 PM

DENVER, Dec. 4, 2020 /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 January 15, 2021, to holders of record at the close of business on January 1, 2021, and is for the period beginning on October 16, 2020 and ending on January 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-301186691.html

SOURCE Cimarex Energy Co.

FAQ

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

Cimarex Energy declared a dividend of $20.3125 per share on its preferred stock.

When is the Cimarex Energy dividend payment due?

The dividend is payable on January 15, 2021.

What is the record date for the Cimarex Energy dividend?

The record date for the dividend is January 1, 2021.

What period does the Cimarex Energy dividend cover?

The dividend covers the period from October 16, 2020, to January 15, 2021.