2023-05-04 17:44:40 ET
- Coterra Energy ( NYSE: CTRA ) declares $0.20/share quarterly dividend .
- Forward yield 3.31%
- Payable June 9; for shareholders of record May 26; ex-div May 25.
- Jorden noted, “Based on first quarter results, Coterra will return $420 million to shareholders, which equals 76% of the company’s Free Cash Flow. The return will include $152 million from our recently increased base dividend ($0.20 per quarter, $0.80 annum) and $268 million via share buybacks. We reiterate our commitment to return 50%+ of Free Cash Flow to shareholders, with an emphasis on the base dividend and buybacks, in the near-term.”
- See CTRA Dividend Scorecard, Yield Chart, & Dividend Growth.
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Coterra Energy declares $0.20 dividend