Penn West Keeps Dividend Steady

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Oil and gas producer Penn West Explorationannounced today its third-quarter dividend of $0.14 per share, the same rate it paid last quarter after slashing the quarterly payout 48%, from $0.27 per share.

The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.56-per-share annual dividend, yielding 4.7% based on the closing price today of Penn West Exploration's stock.

PWE Dividend Chart


PWE Dividend data by YCharts

The article Penn West Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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