W&T Offshore Keeps Dividend Steady

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Independent oil and gas producer W&T Offshore announced today its third-quarter dividend of $0.09 per share, the same rate it paid last quarter after raising the payout to investors by 12.5% from $0.08 per share.

The board of directors said the quarterly dividend is payable on September 12 to holders of record at the close of business on August 22. The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 2.3% based on the closing price today of W&T Offshore's stock.

WTI Dividend Chart

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The article W&T Offshore Keeps Dividend Steady originally appeared on Fool.com.

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