Evolution Petroleum hikes dividend by 20%

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On September 14, 2022, Evolution Petroleum Corporation (EPM) declared a $0.12 per share quarterly dividend, up from $0.10 in the previous quarter. This marks the second dividend hike by EPM in 2022. In 2020 the dividend however was cut by 75 percent.

The next EPM dividend of $0.12 per share is payable September 30, 2022 to stockholders of record as of September 21, 2022.The new dividend yield for EPM is 6.0% at a stock price of $8.05.

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).

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