Cimarex Energy (XEC) Raises Quarterly Dividend 100% to $0.16; 0.7% Yield

Cimarex Energy (NYSE: XEC) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 100% increase from the prior dividend of $0.08.

The dividend will be payable on June 1, 2018, to stockholders of record on May 15, 2018, with an ex-dividend date of May 14, 2018.

The annual yield on the dividend is 0.7 percent.

Chairman and CEO, Tom Jorden said, "We are pleased to be able to increase our dividend to its previous high water mark. Cimarex generated excellent returns in 2017, which were manifested in our $1.2 billion of adjusted cash flow from operations."

For a dividend history and other dividend-related data on Cimarex Energy (XEC) click here.

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