Cimarex Energy (XEC) Declares $0.16 Quarterly Dividend; 0.7% Yield

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Cimarex Energy Declares Reduced Quarterly Cash Dividend

February 23, 2016 5:47 PM EST

DENVER, Feb. 23, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.08 per share, an $0.08 reduction from the last declared dividend of $0.16 per share.  The dividend is payable on June 1, 2016, to stockholders of record on May 13, 2016. 

Tom Jorden, Cimarex Chairman and CEO said, "We believe the... More