PDCE - PDC Energy raises dividend by 14% to $0.40 adds $750M to buyback
- PDC Energy ( NASDAQ: PDCE ) declares $0.40/share quarterly dividend , 14.3% increase from prior dividend of $0.35.
- Forward yield 2.44%
- Payable March 16; for shareholders of record March 2; ex-div March 1.
- PDC also announced that the Board of Directors approved an incremental $750 million dollars to the Company’s existing $1.25 billion share repurchase program, bringing the total authorization to $2.0 billion.
- The Company remains committed to returning a minimum of 60 percent of its annual post base dividend adjusted free cash flow to shareholders through the Company’s share repurchase program and a year-end special dividend, if needed.
- See PDCE Dividend Scorecard, Yield Chart, & Dividend Growth.
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PDC Energy raises dividend by 14% to $0.40, adds $750M to buyback