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

Diversified Energy Company PLC (NYSE:DEC) announced a quarterly dividend on Thursday, August 15th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.29 per share on Friday, December 27th. This represents a $1.16 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Friday, November 29th.

Diversified Energy Stock Performance

NYSE DEC opened at $16.23 on Thursday. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $18.30. The stock has a fifty day simple moving average of $12.64 and a 200 day simple moving average of $13.46.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DEC shares. KeyCorp started coverage on Diversified Energy in a report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price objective for the company. Truist Financial increased their price objective on Diversified Energy from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 18th.

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.