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

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.29 per share on Monday, March 31st. This represents a $1.16 annualized dividend and a yield of 8.08%. The ex-dividend date of this dividend is Friday, February 28th.

Diversified Energy Stock Performance

Shares of DEC stock opened at $14.35 on Friday. The stock’s 50 day simple moving average is $11.90 and its two-hundred day simple moving average is $13.34. Diversified Energy has a 1 year low of $10.54 and a 1 year high of $18.69.

Analyst Ratings Changes

Several research firms recently weighed in on DEC. Truist Financial decreased their price target on Diversified Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, September 30th. KeyCorp initiated coverage on shares of Diversified Energy in a research note on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 target price on the stock.

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.