Diversified Energy Company PLC (NYSE:DEC - Get Free Report) announced a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.29 per share on Monday, June 30th. This represents a $1.16 annualized dividend and a yield of 8.76%. The ex-dividend date is Friday, May 30th.
Diversified Energy Stock Performance
Shares of NYSE:DEC traded down $0.42 during mid-day trading on Friday, hitting $13.24. 460,831 shares of the company traded hands, compared to its average volume of 327,139. Diversified Energy has a 52-week low of $10.72 and a 52-week high of $17.70. The firm's 50 day simple moving average is $14.81 and its 200 day simple moving average is $14.07.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on DEC. Truist Financial raised their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, January 6th. KeyCorp lifted their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th.
Read Our Latest Research Report on Diversified Energy
Diversified Energy Company Profile
(
Get Free Report)
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.
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