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Diversified Gas & Oil hikes dividend 7% and is 'well placed to capitalise on compelling new deals'

Diversified Gas & Oil PLC’s (LON:DGOC) Rusty Hutson tells Proactive that despite the recent volatility in commodity prices – the company is well positioned to capitalise on opportunities. The company produced 109,000 barrels oil equivalent per day (boepd) for the month of June, with the first half rate averaging 95,100 boepd. First-half earnings came in at US$146mln with net income of US$18mln. An interim dividend's also been confirmed at 3.75 cents per share, up 7% on last year.

Quick facts: Diversified Gas & Oil PLC

Price: 112 GBX

LSE:DGOC
Market: LSE
Market Cap: £792.3 m
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Diversified Gas & Oil raise dividend 'because we can' after 'very good quarter'

Diversified Gas & Oil PLC's (LON:DGOC) Chief Executive Rusty Hutson talks to Proactive London about their third quarter results which Hutson summarises as 'a very good quarter'. Their decision to raise the dividend was 'because we can, after generating a lot of cash flow'. And production...

on 29/10/20

2 min read