Midland Basin E&P HighPeak Energy’s board of directors announced a quarterly dividend of $0.025 per share of common stock outstanding for stockholders on record as of the close of business on May 1.

HighPeak Energy Inc. announced its board of directors declared a quarterly dividend of $0.025 per share of common stock outstanding in an April 10 press release.

Stockholders on record as of the close of business on May 1 will receive the dividend, which will be paid out on May 25.

Headquartered in Fort Worth, Texas, HighPeak Energy is a publicly traded independent oil and natural gas company with operations in the Midland Basin.