05-03-2022, 08:09 AM
Coterra Energy (NYSE:CTRA) declares $0.60/share total quarterly dividend ($0.15 base, $0.45 variable).
Forward yield 8.3%
Payable May 25; for shareholders of record May 13; ex-div May 12.
Earnings - the Company generated $1.01 in adjusted earnings per share during the quarter, versus Street expectations for $0.81.
Cash flow - the business generated $961m in free cash flow, or ~4.1% of the current market cap.
Capital allocation - the Board authorized a 60c variable plus base dividend for the quarter (8.3% yield), and repurchased 7.6m shares (~1.0% of shares outstanding).
Forward yield 8.3%
Payable May 25; for shareholders of record May 13; ex-div May 12.
Earnings - the Company generated $1.01 in adjusted earnings per share during the quarter, versus Street expectations for $0.81.
Cash flow - the business generated $961m in free cash flow, or ~4.1% of the current market cap.
Capital allocation - the Board authorized a 60c variable plus base dividend for the quarter (8.3% yield), and repurchased 7.6m shares (~1.0% of shares outstanding).