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Cimarex Maintains Dividend

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The shareholder payouts from Cimarex (NYSE: XEC  ) are continuing to flow. The company has declared its latest quarterly common stock dividend, which is to be $0.14 per share paid on December 2 to shareholders of record as of November 15. That amount matches both of the its two preceding distributions, the most recent of which was dispensed at the beginning of this month. Prior to that, Cimarex was less generous by $0.02, handing out $0.12 per share.

Since paying its first dividend in March 2006, the company has paid a distribution in every quarter. This has climbed steadily from $0.04 to the present level.

The just-declared dividend annualizes to $0.56 per share. That yields 0.6% at Cimarex's most recent closing stock price of $90.47.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/28/2015 4:02 PM
XEC $102.39 Up +2.44 +2.44%
Cimarex Energy CAPS Rating: **

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