Matador raises quarterly dividend 17% to $0.4375 per share
The new rate is $1.75 a year, up from $1.50, with the declared payment due Dec. 4, 2026.
Key takeaways
- Matador Resources Company (MTDR) said on Oct. 21, 2026 its board declared a quarterly cash dividend of $0.4375 per share, a 17% increase from $0.375. The annual rate rises to $1.75 from $1.50. The dividend is payable Dec. 4, 2026 to shareholders of record as of Nov. 10, 2026.
Matador Resources Company (MTDR) amended its dividend policy and raised its quarterly cash dividend 17%, a regulatory filing showed Wednesday.
Under the new policy, the company intends to pay cash dividends of $0.4375 per share per quarter, or $1.75 per share per year, beginning in the fourth quarter of 2026. The previous policy was $0.375 per share per quarter, or $1.50 per share per year.
The board also declared a quarterly cash dividend of $0.4375 per share, payable Dec. 4, 2026, to shareholders of record as of Nov. 10, 2026, the company said in a press release attached to the filing.
Founder, Chairman and CEO Joseph Wm. Foran said in the release: "We are pleased to announce a 17% increase to our fixed dividend — the eighth increase in five years — bringing our quarterly cash dividend to $0.4375 per share per quarter, or $1.75 per share per year."
"The steady growth of our fixed dividend demonstrates the confidence we have in our free cash flow generation and our ability to repay debt," Foran said.
The filing said future dividends remain at the discretion of the board. They will depend on results of operations, cash flows, financial position and capital requirements, along with business conditions, legal, tax and regulatory restrictions, and other factors the board considers at the time.
The filing does not state the total cash cost of the dividend or the number of shares outstanding.
Matador is an independent energy company focused on oil and natural gas. Its operations are focused primarily on the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana.