Enterprise Products Partners declared a $0.50 per unit quarterly cash distribution for second quarter 2023, a 2% increase from the first quarter.
International Petroleum Corp. may repurchase more shares before the year ends.
The high dividend yields are another sign of energy companies’ commitment to returning cash to investors
SM Energy Co. announced on June 28 that its board approved a quarterly cash dividend of $0.15 per share of common stock outstanding payable in early August.
Argan’s $0.25 per share quarterly cash dividend will be payable on July 31 to all stockholders of record by end of day on July 21.
Peyto Exploration & Development’s dividend for the month of June will be paid in July.
One of SilverBow Resources’ largest shareholders, Riposte Capital, is pushing for the Eagle Ford E&P’s management to make strategic changes and to explore a potential sale.
The energy sector’s combined buyback and dividend yields were 8.36% compared to the S&P 500’s overall yield of 4.05%.
Shell’s eligible shareholders may receive USD, euro or pounds equivalent dividends on June 26.
Enerplus Corp. won an exemption from Canadian Regulators to repurchase 10% of its “public float,” as defined by the Toronto Stock Exchange, through the NYSE.