Evolution Petroleum hikes dividend by 33.3%

Evolution Petroleum Corporation (EPM) will raise its quarterly dividend by 33.3 percent to 10 cents per share in 2022. This follows a dividend hike of 200 percent in 2021. In 2020 the dividend however was cut by 75 percent.

The next EPM dividend of $0.10 per share is payable March 31, 2022 to stockholders of record as of March 15, 2022.The new dividend yield for EPM is 6.0% at a stock price of $6.65.

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana's Delhi field. Its artificial lift technology is Gas Assisted Rod Pump (GARP).