Cimarex Energy Co. 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 Cumulative Perpetual Convertible Preferred Stock.

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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 Cumulative Perpetual Convertible Preferred Stock. This dividend is payable on October 15, 2021, to shareholders on record as of October 1, 2021, covering the period from July 16, 2021 to October 15, 2021.

Positive

Approved cash dividend of $20.3125 per share enhances shareholder value.
Dividend payment reflects company confidence and commitment to returning income to investors.

Negative

None.

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News Market Reaction – XEC

The recorded move for XEC in the trading session of this news was +2.10%.

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08/31/2021 - 04:05 PM

DENVER, Aug. 31, 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 October 15, 2021, to holders of record at the close of business on October 1, 2021, and is for the period beginning on July 16, 2021 and ending on October 15, 2021.

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. For more information about Cimarex, visit www.cimarex.com.

View original content:https://www.prnewswire.com/news-releases/cimarex-energy-co-approves-dividend-on-preferred-stock-301366589.html

SOURCE Cimarex Energy Co.

FAQ

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

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

Cimarex Energy declared a dividend of $20.3125 per share.

When is the dividend payable for Cimarex Energy (XEC)?

The dividend is payable on October 15, 2021.

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

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

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

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

Cimarex Energy Co. Approves Dividend on Preferred Stock