Matador Resources (MTDR) Initiates $0.025 Quarterly Dividend; 0.5% Yield

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Go back to Matador Resources (MTDR) Initiates $0.025 Quarterly Dividend; 0.5% Yield

Matador Resources Company Announces Adoption of Dividend Policy and Payment of First Quarterly Cash Dividend

February 22, 2021 6:37 AM EST

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced that its Board of Directors (the Board) adopted a dividend policy pursuant to which the Company intends to pay quarterly cash dividends on its common stock of $0.025 per share. Pursuant to this policy, the Board declared Matadors first quarterly cash dividend of $0.025 per share of common stock payable on March 31, 2021 to shareholders of record as of March 24, 2021.

Joseph Wm. Foran, Matadors Chairman and CEO, commented, We are pleased to initiate a quarterly cash dividend policy and announce the payment... More