MTDR - Matador Resources Company: Downside Seems Limited From Here

2024-02-01 17:31:24 ET

Summary

• Matador Resources Company has been focusing on delivering a strong dividend for shareholders, with a quarterly dividend of $0.2 and potential for further increases.
• The stock price has underperformed due to oil price difficulties, but the downside seems limited, and the company is well-positioned for future value and dividends.
• Matador Resources operates in key regions such as the Delaware Basin and has strong production capabilities, making it an attractive investment in the US oil market.

Investment Rundown

Matador Resources Company ( MTDR ) has been placing a significantly higher focus on delivering a strong dividend for its shareholders over the past few years. Back in early 2021 the company had a quarterly dividend under $0.1 but it has since risen to $0.2 and puts it an annual $0.8 or 1.44% in yield. It seems the dividend has further room to be increased as the asset base that MTDR has accumulated over the past few years continues to provide strong earnings growth....

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