Pioneer Natural Resources (PXD) Declares $1.51 Quarterly Dividend; 4.2% Yield
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Pioneer Natural Resources Announces Inaugural Variable Dividend on Common Shares
August 2, 2021 4:15 PM EDTDALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE: PXD) (Pioneer or the Company) announced today that its Board of Directors declared a quarterly cash variable dividend of $1.51 per share on Pioneers outstanding common stock, representing approximately $370 million of capital returned to shareholders. The dividend is payable September 17, 2021, to stockholders of record at the close of business on September 3, 2021.
The rebound in global oil demand has led to higher commodity prices, further strengthening Pioneers balance sheet and enabling the Company to accelerate its first variable dividend payment into the third quarter of 2021 based... More
