Denbury Resources, Inc. (DNR) Declares $0.0625 Quarterly Dividend; 1.4% Yield

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Go back to Denbury Resources, Inc. (DNR) Declares $0.0625 Quarterly Dividend; 1.4% Yield

Denbury Announces Quarterly Cash Dividend

July 29, 2014 4:30 PM EDT

PLANO, Texas, July 29, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable September 30, 2014, to shareholders of record as of the close of business on August 26, 2014. Based on its current financial projections and commodity price outlook, Denbury expects to grow its annual dividend rate to between $0.50 per share and $0.60 per share in 2015 and at a sustainable rate thereafter.

Denbury is a growing, dividend-paying,... More