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

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors 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 is Friday, February 28th.

Diversified Energy Trading Up 1.5 %

DEC traded up $0.21 during mid-day trading on Friday, hitting $14.36. The stock had a trading volume of 207,184 shares, compared to its average volume of 264,498. The stock’s fifty day simple moving average is $11.84 and its 200-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

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Diversified Energy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Monday, September 30th. KeyCorp started 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 for the company.

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.