Granite Ridge Dividend Details: Key Information Ahead of the Ex-Dividend Date on May 30, 2025

Granite Ridge Resources Inc. (NYSE: GRNT) is preparing to issue its upcoming dividend of $0.110 per share, with the ex-dividend date set for May 30, 2025. Shareholders will receive their dividends on Jun 13, 2025, following the announcement made on May 8, 2025. This dividend amount is slightly higher than the average of the last ten dividends, which stood at $0.107 per share. The most recent dividend prior to this was distributed on Mar 14, 2025, at the same rate of $0.110 per share. The dividend type for both instances is a cash dividend.

Recently, Granite Ridge Resources has been active in the market, reflecting significant developments. Over the past week, the company held its Annual Meeting of Stockholders on May 23, 2025, where new directors Griffin Perry and Amanda Coussens were elected for terms expiring in 2028. This move marks a strategic step in strengthening its leadership team. Additionally, the shareholders ratified the appointment of Forvis Mazars LLP as the independent registered public accounting firm for the fiscal year ending Dec 31, 2025.

In other recent news, it was reported that the President and CEO, Luke Brandenberg, has increased his stake in the company by purchasing an additional 14% of shares, amounting to US$101,000 worth of stock at US$5.55 per share. This acquisition demonstrates Brandenberg’s confidence in the company's potential and future performance. Furthermore, analysts have adjusted their price target for Granite Ridge Resources, increasing it from US$5 to US$5.50. This revision reflects the company’s robust operational performance but notes challenges with profitability and valuation concerns. Granite Ridge's attractive dividend yield also serves as a counterbalance to its high P/E ratio.

In conclusion, Granite Ridge Resources is set to pay its next dividend shortly after the ex-dividend date of May 30, 2025, which is the last day for investors to acquire shares to be eligible for this dividend. Any stock purchases made after this date will not qualify for the dividend.