Diversified Energy Company PLC (DEC) To Go Ex-Dividend on May 30th

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 given a dividend of 0.29 per share on Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Friday, May 30th.

Diversified Energy Price Performance

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

Analysts Set New Price Targets

Several research firms recently commented on DEC. Truist Financial raised their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the company 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 report on Tuesday, January 7th.

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.