Matador Resources Declares $0.20 Quarterly Dividend

By Tamara Parker • Friday, July 19 08:07 • Permanent Link

Matador Resources Company (NYSE: MTD) has just declared a quarterly cash dividend of $0.20 per share of common stock. This dividend will be payable on September 5, 2024, to shareholders of record as of August 15, 2024.

In terms of financial performance, let's take a look at some key metrics from Matador Resources Company's recent filings.

In the most recent quarter, the company reported a revenue of $441.6 million, a 33% increase from the same period last year.
Net income for the quarter was $78.9 million, up significantly from $28.1 million in the previous year.
Earnings per share stood at $0.63, compared to $0.23 in the corresponding period last year.

Furthermore, the company's operating cash flow has also shown strong growth, reaching $186.5 million in the most recent quarter, compared to $103.7 million in the same period last year.

These figures demonstrate the company's robust financial performance and its ability to generate significant returns for its shareholders. As a result of these announcements, the company's shares have moved -0.3% on the market, and are now trading at a price of $65.03. For the full picture, make sure to review Matador Resources's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.