RVRA - Riviera Resources declares $1.35 distribution approves plan of dissolution and leadership changes

Riviera Resources (RVRA) declares $1.35/share dividend.Payable Oct. 27; for shareholders of record Oct. 23; ex-div Oct. 28.The board has approved the dissolution, winding up and liquidation of the Company, and adopted a Plan of liquidation and dissolution.RVRA closed sale of Blue Mountain Midstream LLC for net proceeds of ~$111M, remaining North Louisiana assets for net proceeds of ~$22M and Interests in certain properties located in the Anadarko Basin in Oklahoma for ~$13M.In connection with the plan of dissolution, James G. Frew will resign as Executive Vice President and Chief Financial Officer of the Company effective Oct. 23, 2020Darren Schluter, who is currently the Company’s Executive Vice President of Finance and Administration and Chief Accounting Officer will replace Mr. Frew upon his departure.See RVRA Dividend Scorecard, Yield Chart, & Dividend Growth.

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Riviera Resources declares $1.35 distribution, approves plan of dissolution and leadership changes