Noble Energy (NBL) Lowers Quarterly Dividend 44.4% to $0.10; 1.4% Yield

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Noble Energy Adjusts Quarterly Dividend for Commodity Price Environment

January 26, 2016 4:23 PM EST

Houston, Jan. 26, 2016 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) today announced a decision by its Board of Directors to adjust the Companys quarterly cash dividend to 10 cents per common share, which represents a reduction of 8 cents and aligns the dividend yield with historical levels. The dividend is payable on February 22, 2016 to the shareholders of record at the close of business on February 8, 2016.

Kenneth M. Fisher, the Company's Executive Vice President and CFO, commented, The decision to adjust the quarterly dividend, along with a substantially reduced and flexible capital program for 2016, is part of a... More