Diversified Energy Company PLC (LON:DEC) Raises Dividend to $0.29 Per Share

Diversified Energy Company PLC (LON:DEC) declared a dividend on Thursday, May 9th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.29 per share on Friday, September 27th. This represents a yield of 2.05%. The ex-dividend date is Thursday, August 29th. This is a positive change from Diversified Energy’s previous dividend of $0.04. The official announcement can be accessed at this link.

Diversified Energy Price Performance

Shares of LON:DEC opened at GBX 1,115 ($14.01) on Friday. The stock’s 50 day moving average is GBX 1,005.82 and its 200-day moving average is GBX 824.90. Diversified Energy has a twelve month low of GBX 822.50 ($10.33) and a twelve month high of GBX 1,963 ($24.66). The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 218.54. The firm has a market capitalization of £530.52 million, a price-to-earnings ratio of 87.97, a PEG ratio of -0.32 and a beta of 0.16.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.