Riley Exploration Permian, Inc. (NYSE American: REPX), an independent oil and natural gas company, has announced its quarterly dividend for the period ending December 31, 2024. The company, which focuses on the exploration and production of oil, natural gas, and natural gas liquids in Texas and New Mexico, has consistently paid a regular quarterly dividend since becoming a public company. This commitment to shareholder returns reflects the company's financial stability and growth potential.



The latest declared dividend is $0.36 per share, payable on February 8, 2024, to shareholders of record as of January 25, 2024. This quarterly dividend is in line with the company's previous payouts, demonstrating a consistent and reliable income stream for investors. Riley Permian's annual dividend is $1.52 per share, with a yield of 4.62%, which is relatively competitive within the oil and gas industry.



Riley Permian's dividend history shows a consistent and growing commitment to returning capital to shareholders. The company has maintained a quarterly dividend since its inception as a public company, with the dividend per share increasing over time. This consistency and growth reflect the company's financial stability and growth potential. The company's Board of Directors periodically reviews the level of the dividend and may adjust it based on various factors, such as operational and financial performance, investment opportunities, financial liquidity, and general market conditions.



Riley Permian's dividend payout ratio and future dividend growth are influenced by several factors, including operational and financial performance, investment opportunities, financial liquidity, and general market conditions. The company's solid asset base, strong balance sheet, and manageable production profile support its ability to generate free cash flow to maintain its quarterly dividend. However, factors such as operational and financial performance, investment opportunities, and market conditions may lead to changes in the dividend payout ratio and future dividend growth.

In conclusion, Riley Exploration Permian, Inc.'s declaration of a quarterly dividend reflects the company's commitment to shareholder returns and financial stability. The consistent and growing dividend payments demonstrate the company's potential for long-term growth and income generation. Investors seeking a steady stream of income from a reliable and well-established oil and gas company may find Riley Permian to be an attractive option.