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

Diversified Energy Company PLC (NYSE:DEC) announced 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 8.88%. The ex-dividend date is Friday, May 30th.

Diversified Energy Trading Up 0.0 %

DEC traded up $0.01 on Tuesday, hitting $13.07. 585,223 shares of the company were exchanged, compared to its average volume of 322,244. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $17.70. The firm has a 50-day moving average price of $15.07 and a two-hundred day moving average price of $14.07.

Wall Street Analysts Forecast Growth

DEC has been the subject of several analyst reports. KeyCorp boosted their target price on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Truist Financial boosted their target price on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

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.