Noble Energy to Split Stock, Raise Dividend

Investors in Noble Energy (NYSE: NBL  ) will soon possess double the number of company shares, and they'll be slightly richer. The company announced that its board has approved a two-for-one split of its common stock, which will be effected in the form of a share dividend. The new stock will be distributed on May 28 to shareholders of record as of May 14.

Noble also announced a boost in its regular quarterly dividend. The firm plans to hand out $0.28 per share on May 20 to shareholders of record as of May 6. This amount represents a 12% increase over the company's previous distribution of $0.25, which was dispensed in February.

The new dividend annualizes to $1.12 per share. That yields a little more than 1% at Noble's current stock price of $108.61.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2378428, ~/Articles/ArticleHandler.aspx, 9/20/2014 6:00:55 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement