Riley Exploration Permian, Inc. (NYSE:REPX) Declares Quarterly Dividend of $0.40

Riley Exploration Permian, Inc. (NYSE:REPX) declared a quarterly dividend on Tuesday, April 14th. Investors of record on Wednesday, April 29th will be paid a dividend of 0.40 per share on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 29th.

Riley Exploration Permian has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riley Exploration Permian to earn $7.06 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 22.7%.

Riley Exploration Permian Price Performance

REPX stock opened at $34.51 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The firm has a market cap of $744.28 million, a price-to-earnings ratio of 6.12 and a beta of 1.10. The company’s fifty day simple moving average is $32.64 and its 200 day simple moving average is $28.81. Riley Exploration Permian has a 12-month low of $24.07 and a 12-month high of $41.26.

About Riley Exploration Permian

Riley Exploration Permian, Inc (NYSE:REPX) is a special purpose acquisition company formed to identify, acquire and operate assets in the oil and natural gas sector, with a dedicated focus on the Permian Basin. Incorporated in Delaware, the company completed its initial public offering on the New York Stock Exchange and is positioned to pursue a business combination with one or more upstream or midstream energy businesses. Riley Exploration Permian’s strategy centers on leveraging the region’s prolific reservoirs and existing infrastructure to drive growth and value for its shareholders.

The company seeks to target exploration and production assets in both the Midland and Delaware sub-basins of West Texas and southeastern New Mexico, where extensive pipeline networks and favorable geologic characteristics support efficient development.