Mach Natural Resources LP (MNR) To Go Ex-Dividend on February 26th

Mach Natural Resources LP (NYSE:MNR) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.53 per share on Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date of this dividend is Thursday, February 26th. This is a 96.3% increase from Mach Natural Resources’s previous quarterly dividend of $0.27.

Mach Natural Resources has a payout ratio of 48.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mach Natural Resources to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 42.5%.

Mach Natural Resources Stock Up 4.6%

Shares of NYSE:MNR opened at $13.12 on Friday. Mach Natural Resources has a 1 year low of $10.46 and a 1 year high of $16.65. The stock has a 50-day simple moving average of $11.53 and a 200-day simple moving average of $12.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a market capitalization of $2.21 billion, a P/E ratio of 13.67 and a beta of -0.09.

About Mach Natural Resources

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.