SM Energy Company Board of Directors approved a 20% increase in the fixed dividend policy, pursuant to which the Company intends to pay $0.72 per share annually, in quarterly increments of $0.18 per share, beginning in the first quarter of 2024. The increased dividend underscores the Company's confidence in its high-quality and long-term asset base and balance sheet strength, while sustainably returning capital to investors with a predictable yield. The dividend provides an approximate 1.8% yield to current market capitalization.
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5-day change | 1st Jan Change | ||
48.98 USD | -0.36% | -3.37% | +26.58% |
06:16pm | Mizuho Adjusts Price Target on SM Energy to $62 From $57, Keeps Buy Rating | MT |
05-03 | Transcript : SM Energy Company, Q1 2024 Earnings Call, May 03, 2024 |
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1st Jan change | Capi. | |
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+26.58% | 5.66B | |
+10.15% | 306B | |
+4.81% | 143B | |
+53.85% | 129B | |
+20.64% | 81.77B | |
+7.11% | 74.77B | |
+5.26% | 56.36B | |
+10.61% | 49.26B | |
+29.57% | 36.06B | |
-8.79% | 35.89B |
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