Matador raises quarterly dividend to 15c from 10c per share

Matador Resources announced that its Board of Directors amended the company’s dividend policy pursuant to which the company intends to pay cash dividends on its common stock of 15c per share per quarter in 2023, which is a 50% increase from its prior policy of 10c per share per quarter. The company anticipates that the Board will implement such amended policy in connection with the declaration of Matador’s next quarterly dividend, which is expected during the first quarter of 2023 for a dividend to be paid during early March 2023.