By Iain Gilbert
Date: Monday 04 May 2020
LONDON (ShareCast) - (Sharecast News) - Natural gas group Diversified Gas & Oil said on Monday that it would be paying out dividends despite recent volatility in global energy markets.
Diversified Gas & Oil, which will move to the London Stock Exchange's main market later in the month, said it would pay a dividend of 3.5 cents per share after daily production had been maintained at 94,000 barrels of oil equivalent per day throughout the first quarter despite Covid-19 disruptions.
The AIM-listed firm also revealed it had pulled in $78m of earnings during the period, consistent with what it recorded a year earlier.
Chief executive Rusty Hutson said DGOC's handling of market disruptions vindicated its business model.
Hutson said: "Navigating unprecedented market volatility and general economic uncertainty validates the business model DGO defined nearly 20 years ago.
"Having now formally announced our plans to transition from AIM to a premium listing on the Main Market, I remain optimistic as ever about the firm's future as we continue to evaluate ways to create long-term, sustainable value for shareholders."
As of 1500 BST, DGOC shares were up 0.31% at 96.30p.
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Currency | UK Pounds |
Share Price | 1,114.00p |
Change Today | 3.00p |
% Change | 0.27 % |
52 Week High | 1,946.00p |
52 Week Low | 845.00p |
Volume | 174,826 |
Shares Issued | 47.52m |
Market Cap | £529.37m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Q1 | Q3 | |
Ex-Div | 29-Aug-24 | 29-Feb-24 |
Paid | 27-Sep-24 | 28-Mar-24 |
Amount | 29.00¢ | 4.38¢ |
Time | Volume / Share Price |
16:35 | 44,735 @ 1,114.00p |
16:35 | 2 @ 1,114.00p |
16:35 | 684 @ 1,114.00p |
16:35 | 191 @ 1,114.00p |
16:35 | 424 @ 1,114.00p |
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