Diversified Energy Company Share Consolidation Dividend Impact

DEC

Diversified Energy Company PLC (LON:DEC) has completed the consolidation of its ordinary shares of £0.01 each on a 20 for 1 basis, with the ordinary shares of £0.20 each being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market for listed securities, at 8 a.m. (GMT) on Tuesday, December 5th 2023.

All declared dividend amounts will be adjusted appropriately to reflect the number of ordinary shares of £0.20 each held by shareholders as of the respective record dates, with the quarterly dividend payment for the declared dividend amount per ordinary share reflecting the consolidation.

Illustrative Dividend Payment Example:  

The illustrative dividend payment example provides shareholders with a calculation for how the declared dividend payment will be adjusted for shares as of the record date.

Pre-Consolidation:  100 shares x $0.04375 (declared dividend) = $4.375 (total shareholder payment)

Post-Consolidation: 5 shares x $0.875 (adjusted declared dividend) = $4.375 (total shareholder payment)

Diversified Energy Company is a publicly traded (LON: DEC; NYSE: DEC) leading energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Diversified Energy deepens Permian position with $1.8 billion Birch acquisition

Diversified Energy’s planned acquisition of Birch Resources would add scale, infrastructure and liquids exposure in the Permian Basin, with completion targeted for the fourth quarter of 2026.

Premier Miton UK Multi Cap Income Fund: Gervais Williams on the overlooked UK income stocks (video)

The Premier Miton UK Multi Cap Income Fund Co-Fund Manager explains why income growth, strong cash generation and undervalued smaller companies could become increasingly important, while highlighting opportunities in Victorian Plumbing, Personal Group, ACG Metals, PayPoint, Diversified Energy and CMC Markets.

Diversified Energy expands Permian scale with $1.8bn Birch deal

Diversified Energy’s $1.8 billion Birch acquisition will increase Permian production, expand its oil and liquids exposure and add a large portfolio of producing assets and infrastructure.

Diversified Energy expands Permian footprint with $1.8 billion Birch acquisition

The acquisition of Birch Permian will increase Diversified Energy’s production by an estimated 35% and Adjusted EBITDA by about 55%, while establishing a larger operated position in the Permian Basin.

Diversified Energy broadens strategy with Anadarko drilling and Permian expansion

Diversified Energy is expanding its strategy through Anadarko drilling while continuing to pursue acquisition opportunities in the Permian Basin.

Diversified Energy adds operated drilling to growth playbook, Tennyson Securities

Diversified Energy expands its growth strategy with operated drilling as Tennyson Securities maintains its 2,000p target price.

Search