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

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Friday, May 30th will be paid a dividend of 0.29 per share on Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Friday, May 30th.

Diversified Energy Stock Up 0.0 %

Shares of DEC opened at $13.07 on Wednesday. The stock’s fifty day simple moving average is $15.00 and its 200 day simple moving average is $14.08. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $17.70.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DEC shares. Truist Financial increased their target price on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. KeyCorp raised their price objective on Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a research 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.