Dividend Information for Sitio Royalties: Insights for Investors Before May 20, 2025 Ex-Dividend Date

Sitio Royalties has announced its upcoming dividend, with an ex-dividend date set for May 20, 2025, and a payment date scheduled for May 30, 2025. Shareholders will receive $0.350 per share, which is lower than the average dividend per share of $0.485 over the last ten payouts. The dividend was announced on May 7, 2025. Previously, the company distributed $0.410 per share on Mar 28, 2025. Both dividends are categorized as cash dividends.

In recent developments, Sitio Royalties has been active in enhancing its financial strategies and operational efficiency. Over the past week, Sitio Royalties held its 2025 Annual Meeting of Stockholders on May 13, 2025, where key proposals were voted on, including the election of directors. This meeting reinforced the company's commitment to robust governance and strategic oversight.

Since the last update, Sitio Royalties has amended its credit agreement on May 8, 2025, reaffirming a borrowing base of $925 million and adjusting terms to better align with current market conditions. This move is expected to strengthen the company's financial footing and provide flexibility for future investments.

Recently, Sitio Royalties achieved a record production quarter, marking a 3% rise in total production and a significant 36% year-over-year increase in net income, reaching $26 million. Analysts have indicated that this performance underscores the company's efficient cost management and strong financial health, with net margins surpassing industry benchmarks at 3.8%.

In conclusion, Sitio Royalties is poised for continued growth, supported by strategic amendments and robust operational performance. Investors should note that the ex-dividend date is May 20, 2025, which marks the last opportunity to purchase shares and receive the dividend. Purchases made after this date will not be eligible for the current dividend distribution.