Diversified Energy Company PLC First Quarter Dividend Announcement (5351L)
16 May 2022 - 4:02PM
UK Regulatory
TIDMDEC
RNS Number : 5351L
Diversified Energy Company PLC
16 May 2022
16 May 2022
Diversified Energy Company PLC
("Diversified" or the "Company")
First Quarter Dividend Announcement
Diversified Energy Company PLC (LSE:DEC) is pleased to announce
that the Board has declared an interim dividend of 4.25 cents per
share in respect of 1Q22 for the three month period ended 31 March
2022, consistent with 4Q21 and a 6% increase over 1Q21 (4.00
cents).
Key dates related to the declared dividend include:
Ex-dividend Date: 1 September 2022
Record Date: 2 September 2022
Payment Date: 26 September 2022
Default Currency: US Dollar
Currency Election Option: Sterling
Last Date for Currency 7 September 2022
Election:
Rusty Hutson, Jr., CEO of Diversified, commented:
"We are pleased to declare our first quarter dividend for
shareholders as we integrate and generate cash flow from the
Central Region assets we acquired in the latter half of last year.
Our commitment to target long-life, low-decline producing assets
and their complementary midstream and processing facility assets
has allowed us to pay and declare approximately $450 million in
dividends alongside significant distributions benefiting our other
stakeholders including significant debt payments, funding our
comprehensive ESG commitments, and funding our asset retirement
commitments including the purchase of two established
well-retirement companies in Appalachia."
Diversified will pay the dividend in U.S. dollars while
continuing to make available to shareholders a sterling election.
For those shareholders who wish to receive their dividend payment
in sterling, and who have not yet completed a currency election
form, the Company has made available a dividend election form on
its website at https://ir.div.energy/dividend-information .
Shareholders who wish to receive sterling should submit the
currency election form to Computershare Investor Services no later
than 7 September 2022.
Diversified will announce the sterling value of the dividend
payable per share approximately two weeks prior to the payment
date.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
Diversified Energy Company
PLC +1 251 508 5901
Wren Smith ir@dgoc.com
www.div.energy
FTI Consulting deccommunications@fticonsulting.com
US & UK Financial Public Relations
About Diversified Energy Company PLC
Diversified Energy Company PLC is an independent energy company
engaged in the production, marketing and transportation of
primarily natural gas related to its synergistic US onshore
upstream and midstream assets.
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END
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