CA - Parex Resources: Debt Free And A 50% Dividend Boost
2023-04-16 00:40:59 ET
Summary
- Debt-free Parex Resources recently announced a 50% increase to its quarterly base dividend.
- This boost to shareholders is in keeping with the company's commitment to return at least one-third of FFO and 100% of FFF to shareholders.
- Parex has repurchased 33% of its public float since 2017 through share buybacks.
- The company's ambitious exploration program supports a 14% YoY increase to production in 2023.
- Parex operates in Colombia, where it is subject to geopolitical risks, including guerilla violence and a shifting tax and regulatory framework.
For further details see:
Parex Resources: Debt Free And A 50% Dividend Boost