Range Resources Corporation declared a quarterly cash dividend of $0.08 per share, payable December 27, 2024.
Quiver AI Summary
Range Resources Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per common share for the fourth quarter of 2024. The dividend will be payable on December 27, 2024, to stockholders recorded as of December 13, 2024. Based in Fort Worth, Texas, Range Resources is a prominent independent producer of natural gas and natural gas liquids, primarily operating in the Appalachian Basin.
Potential Positives
- The declaration of a quarterly cash dividend indicates the company's commitment to returning value to shareholders.
- The payment of the dividend reflects the company's financial health and ability to generate sufficient cash flow to support shareholder returns.
- The announcement of the dividend may positively influence investor sentiment and attract new investors seeking income-generating stocks.
- Being a leading U.S. independent natural gas and NGL producer positions the company favorably in the burgeoning energy sector, which may provide future growth opportunities.
Potential Negatives
- The declared dividend of $0.08 per share may indicate limited growth potential and could be perceived as a sign that the company is not generating sufficient profits to offer a more substantial return to shareholders.
- The timing of the dividend payment and the relatively low amount may lead to concerns among investors regarding the company's financial stability and ability to increase dividends in the future.
- By issuing a dividend, the company may be prioritizing short-term shareholder returns over potential reinvestment in growth initiatives, which could hinder long-term strategic development.
FAQ
What is the dividend declared by Range Resources Corporation?
Range Resources Corporation declared a quarterly cash dividend of $0.08 per common share for the fourth quarter of 2024.
When will the dividend be paid to shareholders?
The dividend will be payable on December 27, 2024, to stockholders of record as of December 13, 2024.
Where is Range Resources Corporation headquartered?
Range Resources Corporation is headquartered in Fort Worth, Texas.
What is the focus of Range Resources' operations?
Range Resources focuses on natural gas and NGL production, primarily in the Appalachian Basin.
How can I find more information about Range Resources?
More information about Range Resources Corporation can be found on their official website at .
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RRC Insider Trading Activity
$RRC insiders have traded $RRC stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here's a breakdown of recent trading of $RRC stock by insiders over the last 6 months:
- REGINAL SPILLER sold 2,800 shares.
- CHARLES G. GRIFFIE purchased 1,275 shares.
- ASHLEY KAVANAUGH (VP, Principal Accting Officer) sold 12,700 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RRC Hedge Fund Activity
We have seen 192 institutional investors add shares of $RRC stock to their portfolio, and 249 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANOE FINANCIAL LP added 1,422,200 shares (+114.9%) to their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 1,174,964 shares (-100.0%) from their portfolio in Q2 2024
- BOSTON PARTNERS added 1,126,049 shares (+17.4%) to their portfolio in Q3 2024
- CAPITAL WORLD INVESTORS removed 1,000,000 shares (-100.0%) from their portfolio in Q3 2024
- BANK PICTET & CIE (EUROPE) AG removed 838,600 shares (-100.0%) from their portfolio in Q2 2024
- DIMENSIONAL FUND ADVISORS LP added 747,933 shares (+12.6%) to their portfolio in Q3 2024
- KOPERNIK GLOBAL INVESTORS, LLC added 721,986 shares (+31.7%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT WORTH, Texas, Nov. 29, 2024 (GLOBE NEWSWIRE) --
RANGE RESOURCES CORPORATION (NYSE: RRC)
today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.08 per common share is payable on December 27, 2024 to stockholders of record at the close of business on December 13, 2024.
RANGE RESOURCES CORPORATION (NYSE: RRC)
is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at
.
SOURCE: Range Resources Corporation
Range Investor Contact:
Laith Sando, Vice President – Investor Relations
817-869-4267
lsando@rangeresources.com
