Diversified Energy Company PLC (NYSE:DEC) to Issue Quarterly Dividend of $0.29

Diversified Energy Company PLC (NYSE:DEC) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.29 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, August 28th.

Diversified Energy Stock Performance

DEC stock traded up $0.07 during trading on Thursday, reaching $15.42. 260,833 shares of the company’s stock were exchanged, compared to its average volume of 925,540. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. Diversified Energy has a 1-year low of $12.33 and a 1-year high of $18.90. The company’s fifty day moving average price is $15.64 and its 200-day moving average price is $14.45. The firm has a market cap of $1.12 billion, a PE ratio of 10.45 and a beta of -0.34.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings results on Friday, February 6th. The company reported $2.28 earnings per share (EPS) for the quarter. On average, research analysts expect that Diversified Energy will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Diversified Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Diversified Energy by 168.8% during the first quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock valued at $356,000 after buying an additional 16,556 shares during the period. Amundi raised its position in Diversified Energy by 4.1% during the first quarter. Amundi now owns 50,406 shares of the company’s stock valued at $654,000 after buying an additional 1,995 shares during the period. AQR Capital Management LLC acquired a new position in Diversified Energy during the first quarter valued at $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diversified Energy by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after buying an additional 1,170 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Diversified Energy by 177.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock valued at $16,060,000 after buying an additional 760,428 shares during the period. 26.51% of the stock is owned by institutional investors and hedge funds.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.