Cimarex Energy Declares Quarterly Cash Dividend

Rhea-AI Summary

Cimarex Energy Co. (NYSE: XEC) has declared a quarterly cash dividend of $0.22 per share on its common stock. This dividend will be payable on May 1, 2021, to stockholders of record as of February 16, 2021. The company operates primarily in the Permian Basin and Mid-Continent areas in the U.S., focusing on oil and gas exploration and production.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder income.
• Dividend reflects company confidence in financial stability.

Negative

• None.

DENVER, Dec. 4, 2020 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.22 per share.  The dividend is payable on May 1, 2021, to stockholders of record on February 16, 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.

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SOURCE Cimarex Energy Co.

FAQ

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

Cimarex Energy has declared a quarterly cash dividend of $0.22 per share.

When is the Cimarex Energy (XEC) dividend payable?

The dividend is payable on May 1, 2021.

What is the record date for Cimarex Energy's dividend?

The record date for the dividend is February 16, 2021.

How often does Cimarex Energy (XEC) pay dividends?

Cimarex Energy typically pays dividends quarterly.

Is the dividend from Cimarex Energy (XEC) sustainable?

The sustainability of the dividend can depend on the company's financial performance and cash flow.