Permian Resources Corp.’s board has declared a quarterly base cash dividend amounting to $0.05 per share, or $0.20 per share annualized, according to a May 8 press release.

A quarterly variable cash dividend of $0.05 per share has also been declared. When added together, the variable and base dividends amount to $0.10 per share, and will be payable on May 24 to any and all shareholders who purchased stock by May 16.

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Permian Resources is an oil and natural gas company based in both Midland, TX, and Denver, CO.