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

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

Diversified Energy Stock Performance

NYSE DEC opened at $14.35 on Friday. Diversified Energy has a 12 month low of $10.54 and a 12 month high of $18.69. The company’s 50-day moving average price is $11.90 and its 200-day moving average price is $13.34.

Analysts Set New Price Targets

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

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.