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 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date is Friday, May 30th.

Diversified Energy Stock Performance

DEC opened at $13.07 on Wednesday. The stock’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $14.08. Diversified Energy has a 1-year low of $10.54 and a 1-year high of $17.70.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DEC shares. Truist Financial upped their price target on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, January 6th. KeyCorp increased their target price on Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th.

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.