RE:RE:RE:RE:Noted: X DATE is FRIDAY OCT 28th
tollycraft wrote: "...Even going to a 4 cent dividend from 3.67 is hardly worth the applause...."
Last June, when announcing the axquisition of XTO Energy, management stated:
"Following the close of the Acquisition, our balance sheet will remain a priority with net debt milestones of $1.8 billion which we expect to achieve before year end 2022 and $1.3 billion which we expect to achieve in the first half of 2023. We are targeting additional dividend increases of $0.12 - $0.15 per share annually on achieving each net debt milestone, resulting in a total targeted annualized dividend of $0.73 per share."
From the current $0.44 to the eventual $0.73 next year we get an increase to about $0.58 ($0.048 monthly) this year and to $0.73 by the end of Q2 in 2023.
I expect the announcement this Thursday.