WTI - W&T Offshore to implement quarterly dividend

2023-11-08 06:59:02 ET

• W&T Offshore ( NYSE: WTI ) announced implementation of $0.01/share quarterly dividend .
• The initial cash dividend is payable Dec. 22; for shareholders of record Nov. 28; ex-div Nov. 27.
• The company last paid dividend in 2014.
• Tracy W. Krohn, W&T’s board chair and chief executive officer, commented, "We have maintained our commitment to a highly successful strategy sharply focused on free cash flow generation for many years now. As a result of our strong asset base and operational execution, our balance sheet is in excellent condition with significant cash on hand. We felt now was the right time to return a portion of the strong cash flow we generate each quarter directly to our shareholders to enhance the return on their investment. We are very pleased to implement a cash dividend program with an initial cash payment in December."
• See WTI Dividend Scorecard, Yield Chart, & Dividend Growth.

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