Vitesse Energy Inc.’s board of directors declared a second quarterly cash dividend for the company’s common stock of $0.50 per share, the company announced on May 4 in a press release.

Stockholders on record as of June 15 will be paid on June 30.

Any future declarations of quarterly dividends are subject to Vitesse’s board of directors for approval.

Vitesse Energy returns capital to stockholders through financial interests as a non-operator in oil and gas wells.