Zurcher Kantonalbank Zurich Cantonalbank Invests $190,000 in Diversified Energy Company PLC (NYSE:DEC)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Diversified Energy Company PLC (NYSE:DEC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,353 shares of the company’s stock, valued at approximately $190,000.

Diversified Energy Stock Performance

Shares of DEC stock opened at $14.13 on Wednesday. The stock has a 50-day moving average of $12.75. Diversified Energy Company PLC has a one year low of $10.54 and a one year high of $26.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.48.

Diversified Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.21%.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.