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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 $0.21 per ordinary share which will be made payable on 2024-08-27. Ex dividend date: 2024-08-19
• Centennial Resource Development annual dividend for 2024 was $0.56
• Centennial Resource Development annual dividend for 2023 was $0.37
• Centennial Resource Development's trailing twelve-month (TTM) dividend yield is 4.94%
• Centennial Resource Development's payout ratio for the trailing twelve months (TTM) is 44.95%

Centennial Resource Development Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-19$0.21quarterly2024-08-27
2024-05-20$0.20quarterly2024-05-29
2024-03-12$0.15quarterly
2023-11-17$0.12quarterly2023-11-28
2023-08-14$0.10quarterly2023-08-23
2023-05-15$0.10quarterly2023-05-24
2023-03-06$0.05quarterly2023-03-15

Centennial Resource Development Dividend per year

Centennial Resource Development Dividend Yield

Centennial Resource Development current trailing twelve-month (TTM) dividend yield is 4.94%. Interested in purchasing Centennial Resource Development stock? Use our calculator to estimate your expected dividend yield:

Centennial Resource Development Financial Ratios

P/E ratio13.15
PEG ratio9.86
P/B ratio1.08
ROE10.81%
Payout ratio44.95%
Current ratio0.50
Quick ratio0.50
Cash Ratio0.04

Centennial Resource Development Dividend FAQ

Does Centennial Resource Development stock pay dividends?
Centennial Resource Development does not currently pay dividends to its shareholders.
Has Centennial Resource Development ever paid a dividend?
No, Centennial Resource Development has no a history of paying dividends to its shareholders. Centennial Resource Development is not known for its dividend payments.
Why doesn't Centennial Resource Development pay dividends?
There are several potential reasons why Centennial Resource Development would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Centennial Resource Development ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Centennial Resource Development has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Centennial Resource Development a dividend aristocrat?
Centennial Resource Development is not considered a Dividend Aristocrat. 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?
Centennial Resource Development is not classified as a "Dividend King". 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?
No, Centennial Resource Development is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Centennial Resource Development 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 and account minimums.

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.