Share Consolidation: Dividend Impact in Energy Diversification

Diversified Energy Company PLC (LON:DEC) has successfully executed the consolidation of its ordinary shares, moving from £0.01 to £0.20 each on a 20 for 1 basis. This transition has led to their admission to the premium listing segment of the Official List of the Financial Conduct Authority and trading on the London Stock Exchange’s main market for listed securities. The effective date for this change was 8 a.m. (GMT) on Tuesday, December 5th, 2023.

This strategic move positions Diversified Energy Company as a notable player in the LON Dividend stock landscape. The share consolidation, with a ratio of 20 for 1, not only elevates their stock value but also enhances their standing in the premium listing segment, offering investors a compelling opportunity in the London Stock Exchange's main market.

To ensure a seamless transition for shareholders, declared dividend amounts will be adjusted accordingly based on the number of ordinary shares of £0.20 each held as of the respective record dates. The quarterly dividend payment will reflect the consolidation, maintaining fairness and consistency for investors.

Illustrative Dividend Payment Example:

To provide shareholders with clarity, let's consider an illustrative example of the dividend payment adjustment:

Pre-Consolidation:

- 100 shares x $0.04375 (declared dividend) = $4.375 (total shareholder payment)

Post-Consolidation:  

- 5 shares x $0.875 (adjusted declared dividend) = $4.375 (total shareholder payment)

About Diversified Energy Company:

Diversified Energy Company, traded on the London Stock Exchange (LON: DEC) and New York Stock Exchange (NYSE: DEC), is a prominent energy firm specializing in natural gas and liquids production, transportation, marketing, and well retirement. Their unique strategy involves acquiring existing, long-life assets and investing in them to enhance environmental and operational performance until they are safely retired. Acknowledged by ratings agencies and organizations for sustainability leadership, Diversified's solutions-oriented, stewardship approach positions them as the Right Company at the Right Time. Their commitment lies in responsibly producing energy, delivering reliable free cash flow, and generating shareholder value.