The updated dividend equates to an annual payout of $1.68 per share. Based on Wednesday’s closing price of $46.43, this move delivers a 3.6% annual yield to investors. The company confirmed that the distribution is scheduled for November 11, with the official cutoff for eligibility set for shareholders of record on October 28.
Riley Exploration Permian Increases Quarterly Dividend
Shareholders of Riley Exploration Permian will see a 5% bump in their quarterly dividend, with the company lifting its payout to 42 cents per share. This adjustment from the previous 40-cent mark arrives as the firm looks to bolster returns following its recent market performance.
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