Diversified Energy Company PLC (NYSE:DEC) to Issue Quarterly Dividend of $0.29

Diversified Energy Company PLC (NYSE:DEC) declared 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 8.73%. The ex-dividend date is Friday, May 30th.

Diversified Energy Stock Up 1.7 %

Diversified Energy stock opened at $13.29 on Thursday. The firm’s 50-day moving average is $14.93 and its two-hundred day moving average is $14.07. Diversified Energy has a 12-month low of $10.72 and a 12-month high of $17.70.

Wall Street Analyst Weigh In

A number of brokerages have commented on DEC. Truist Financial boosted their price objective on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. KeyCorp boosted their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th.

Diversified Energy Company Profile

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.