SM Energy Co.’s board of directors approved a quarterly cash dividend of $0.15 per share of common stock outstanding, the company said Dec. 29.
The dividend will be paid on Feb. 6 to stockholders on record as of the close of business on Jan. 20.
The company currently has approximately 121.9 million shares of common stock outstanding, which reflects a reduction of approximately 900,000 shares from the previously reported quarter that were repurchased by the company during the fourth quarter of 2022.
SM Energy operators in the Midland Basin and South Texas.
Recommended Reading
US NatGas Flows to Freeport LNG in Texas Seen at Five-month High, LSEG Data Shows
2024-05-17 - The startup and shutdown of Freeport and other U.S. LNG export plants often has a major impact on global gas prices.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
2024-05-14 - The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
LM Energy to Expand Gas Gathering System in the Delaware
2024-05-13 - LM Energy is building new compressor stations and adding 70 miles of pipeline in the Delaware Basin.
ONEOK to Expand NGL Network Around Houston Through $280MM Acquisition
2024-05-13 - Easton Energy is agreeing to sell 450 miles of lines along Southeast Texas coast to ONEOK.
Enbridge Plans to Increase Permian Oil Pipeline’s Capacity
2024-05-10 - Midstream company Enbridge announced an open season on the Gray Oak Pipeline for a proposed 120,000 bbl/d expansion and updated its M&A efforts.