Cimarex Maintains Dividend

The shareholder payouts from Cimarex are continuing to flow. The company has declared its latest quarterly common stock dividend, which is to be $0.14 per share paid on December 2 to shareholders of record as of November 15. That amount matches both of the its two preceding distributions, the most recent of which was dispensed at the beginning of this month. Prior to that, Cimarex was less generous by $0.02, handing out $0.12 per share.

Since paying its first dividend in March 2006, the company has paid a distribution in every quarter. This has climbed steadily from $0.04 to the present level.

The just-declared dividend annualizes to $0.56 per share. That yields 0.6% at Cimarex's most recent closing stock price of $90.47.

The article Cimarex Maintains Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Cimarex. The Motley Fool owns shares of Cimarex Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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