Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. The company was incorporated in 2015 and is headquartered in Denver, Colorado.
Centennial Resource Development Dividend Announcement
• Centennial Resource Development announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-14 • Centennial Resource Development annual dividend for 2024 was $0.71 • Centennial Resource Development annual dividend for 2023 was $0.37 • Centennial Resource Development's trailing twelve-month (TTM) dividend yield is 4.42% • Centennial Resource Development's payout ratio for the trailing twelve months (TTM) is 44.95%
Centennial Resource Development current trailing twelve-month (TTM) dividend yield is 4.42%. Interested in purchasing Centennial Resource Development stock? Use our calculator to estimate your expected dividend yield:
Centennial Resource Development Financial Ratios
P/E ratio14.37
PEG ratio0.14
P/B ratio1.18
ROE10.81%
Payout ratio44.95%
Current ratio0.50
Quick ratio0.50
Cash Ratio0.04
Centennial Resource Development Dividend FAQ
How much is the next Centennial Resource Development dividend?
Centennial Resource Development's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Centennial Resource Development dividend. The next Centennial Resource Development dividend will be released in March, May, August, or November.
When is Centennial Resource Development dividend paid?
Centennial Resource Development pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Centennial Resource Development pay?
The specific amount of Centennial Resource Development dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Centennial Resource Development's dividend history.
Does Centennial Resource Development stock pay dividends?
Yes, Centennial Resource Development does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Centennial Resource Development's dividend history.
How much dividend does Centennial Resource Development pay?
Centennial Resource Development paid $0.71 in 2024, $0.37 in 2023, $0.05 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Centennial Resource Development pay dividends?
Centennial Resource Development typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, May, August, and November.
What is Centennial Resource Development's dividend yield?
The current dividend yield for Centennial Resource Development is 4.42%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Centennial Resource Development's exact dividend yield.
When does Centennial Resource Development go ex dividend?
Centennial Resource Development's ex-dividend date for the latest dividend was on 2024-11-14. Centennial Resource Development typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Centennial Resource Development dividend paid?
Centennial Resource Development pays dividends on a quarterly basis, typically around March, May, August, or November, but the exact dates can vary each year.
Will Centennial Resource Development increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Centennial Resource Development will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Centennial Resource Development dividend per share?
Centennial Resource Development paid $0.71 per share in 2024 and $0.37 per share in 2023. The amount of dividend per share that Centennial Resource Development pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Centennial Resource Development a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Centennial Resource Development a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Centennial Resource Development a dividend stock?
Yes, Centennial Resource Development is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Centennial Resource Development a good dividend stock?
Whether Centennial Resource Development is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Centennial Resource Development has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Centennial Resource Development as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Centennial Resource Development pay dividends monthly?
Centennial Resource Development typically pays dividends on a quarterly basis.
Does Centennial Resource Development pay dividends quarterly?
Centennial Resource Development currently pays dividends on a quarterly basis.
Has Centennial Resource Development ever paid a dividend?
Yes, Centennial Resource Development has a history of paying dividends to its shareholders. Centennial Resource Development is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Centennial Resource Development dividend stocks?
To buy Centennial Resource Development you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Centennial Resource Development stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Centennial Resource Development pay dividends 2024?
Centennial Resource Development pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Centennial Resource Development increase its dividend in 2024?
Decisions regarding Centennial Resource Development dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Centennial Resource Development dividend overview you can look into the above table of dividend history.
How Centennial Resource Development dividend works?
The Centennial Resource Development dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Centennial Resource Development's dividend process works:
1. Determination of Dividend: Centennial Resource Development's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Centennial Resource Development publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Centennial Resource Development distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Centennial Resource Development are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Centennial Resource Development dividends paid?
Centennial Resource Development dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Centennial Resource Development sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Centennial Resource Development distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Centennial Resource Development declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Centennial Resource Development pay dividends?
Centennial Resource Development typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Centennial Resource Development pay dividends?
The general pattern is that Centennial Resource Development pays dividends around March, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Centennial Resource Development dividend safe?
The safety of Centennial Resource Development's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Centennial Resource Development's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Centennial Resource Development's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.