By Denny Jacob
Matador Resources’ board increased its quarterly cash dividend 33%, to 20 cents, a share beginning in the fourth quarter, up from 15 cents a share, after amending its dividend policy.
The new payout, equal to 80 cents a year, represents an annual yield of 1.2% based on Thursday’s closing price of $66.78.
The energy company said the dividend is payable on Dec. 1 to shareholders of record as of Nov. 10.
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