Matador Resources Company announced its Board of Directors has approved a 17% increase to its quarterly cash dividend, raising the payout to $0.4375 per share. The new dividend policy, which increases the annualized dividend to $1.75 per share, is effective beginning in the fourth quarter of 2026. The company stated this is the eighth dividend increase in the last five years.
Key Details
- New Quarterly Dividend: $0.4375 per share, an increase from the previous $0.375 per share.
- Annualized Dividend: Increased to $1.75 per share from $1.50 per share.
- Next Dividend Payment: The new dividend of $0.4375 is payable on December 4, 2026, to shareholders of record as of November 10, 2026.