Capital Markets | Suspended or Reduced Distributions/Dividends
Cimarex Energy Reduces Quarterly Dividend
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Cimarex Energy Co. announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.08 per share, an $0.08 reduction from the last declared dividend of $0.16 per share. The dividend is payable on June 1, 2016, to stockholders of record on May 13, 2016.
Tom Jorden, Cimarex Chairman and CEO said, "We believe the adjustment to our dividend is appropriate in light of the current commodity price environment. On an annualized basis, it will provide approximately $30 million of additional cash for investments that create shareholder value."
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