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

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Thursday, August 15th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.29 per share on Friday, December 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Friday, November 29th.

Diversified Energy Price Performance

DEC stock opened at $16.23 on Thursday. The company’s 50-day moving average is $12.64 and its 200-day moving average is $13.46. Diversified Energy has a 1 year low of $10.54 and a 1 year high of $18.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DEC shares. KeyCorp started coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 price objective on the stock. Truist Financial increased their price objective on shares of Diversified Energy from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

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.