Independent Appalachian Basin natural gas E&P EQT Corp.’s board of directors announced Oct. 12 a quarterly cash dividend of $0.1575 per share.

The dividend will be payable on Dec. 1, to shareholders of record at the close of business on Nov. 8.

"Since initiating our base dividend in late 2021, we have increased the dividend by more than 25% cumulatively over that period, which underscores our confidence in the sustainability of our business and our ability to achieve a free cash flow breakeven price among the lowest in North America,” Toby Rice, EQT president and CEO, said in the release. “Consistent and reliable long-term base dividend growth will remain a key tenant of our shareholder return framework, and is underpinned by our peer-leading low-cost, multi-decade inventory position."