Permian Resources Corporation, 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 Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
Permian Resources Dividend Announcement
• Permian Resources 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
• Permian Resources annual dividend for 2024 was $0.71
• Permian Resources annual dividend for 2023 was $0.27
• Permian Resources's trailing twelve-month (TTM) dividend yield is 4.53%
• Permian Resources's payout ratio for the trailing twelve months (TTM) is 41.29%
Permian Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.15 | quarterly | 2024-11-22 |
2024-08-19 | $0.21 | quarterly | 2024-08-27 |
2024-05-20 | $0.20 | quarterly | 2024-05-29 |
2024-03-12 | $0.15 | quarterly | 2024-03-21 |
2023-11-17 | $0.12 | quarterly | 2023-11-28 |
2023-08-14 | $0.05 | quarterly | 2023-08-23 |
2023-05-15 | $0.05 | quarterly | 2023-05-24 |
2023-03-06 | $0.05 | quarterly | 2023-03-15 |
2022-11-18 | $0.05 | quarterly | 2022-11-29 |
Permian Resources Dividend per year
Permian Resources Dividend growth
Permian Resources Dividend Yield
Permian Resources current trailing twelve-month (TTM) dividend yield is 4.53%. Interested in purchasing Permian Resources stock? Use our calculator to estimate your expected dividend yield:
Permian Resources Financial Ratios
Permian Resources Dividend FAQ
Other factors to consider when evaluating Permian Resources 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.
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1. Determination of Dividend: Permian Resources'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, Permian Resources 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, Permian Resources 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 Permian Resources 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.
1. Record Date: Permian Resources 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, Permian Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Permian Resources 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.
To assess the safety of Permian Resources'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 Permian Resources'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.