Parsley Energy (PE) Raises Quarterly Dividend 66.7% to $0.05, 0.3% Yield; Lowers FY20 Capital Budget, Provides FY20 Guidance
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Parsley Energy Increases Quarterly Dividend By 67%; Lowers 2020 Capital Budget And Provides 2020 Guidance
January 23, 2020 4:05 PM ESTAUSTIN, Texas, Jan. 23, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that its Board of Directors increased the Company's quarterly dividend from $0.03 per share to $0.05 per share(1). Additionally, Parsley provided an overview of its 2020 development program and updated expectations for certain full-year 2019 results.
Summary Comment and Outlook
"Parsley's 2019 action plan was a resounding success as our team delivered a step-change improvement in capital efficiency and inflected to free cash flow generation ahead of schedule," commented Matt Gallagher, Parsley's... More
Parsley Energy Increases Quarterly Dividend By 67%; Lowers 2020 Capital Budget And Provides 2020 Guidance
January 23, 2020 4:05 PM ESTAUSTIN, Texas, Jan. 23, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that its Board of Directors increased the Company's quarterly dividend from $0.03 per share to $0.05 per share(1). Additionally, Parsley provided an overview of its 2020 development program and updated expectations for certain full-year 2019 results.
Summary Comment and Outlook
"Parsley's 2019 action plan was a resounding success as our team delivered a step-change improvement in capital efficiency and inflected to free cash flow generation ahead of schedule," commented Matt Gallagher, Parsley's... More
