Matador Resources (MTDR) Raises Quarterly Dividend 25% to $0.25; 2% Yield

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Go back to Matador Resources (MTDR) Raises Quarterly Dividend 25% to $0.25; 2% Yield

Matador Resources Company Increases Quarterly Cash Dividend to $0.25 Per Share

October 16, 2024 6:30 AM EDT

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced that its Board of Directors revised and amended the Companys dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.25 per share per quarter, or $1.00 per share per year, beginning in the fourth quarter of 2024, which is a 25% increase from its prior policy of $0.20 per share per quarter. The Board also declared a quarterly cash dividend of $0.25 per share of common stock to begin this quarter payable on December 6, 2024, to... More