Diversified Gas & Oil Dividends - DGOC

Diversified Gas & Oil Dividends - DGOC

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Diversified Gas & Oil Plc DGOC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change Price Change % Stock Price Last Trade
-0.20 -0.19% 104.80 11:48:14
Close Price Low Price High Price Open Price Previous Close
104.20 105.80 105.80 105.00
more quote information »
Industry Sector

Diversified Gas & Oil DGOC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

pro_s2009: 15 September 2020 DIVERSIFIED GAS & OIL PLC ("DGO" or the "Company") Upcoming Dividend Exchange Rate Diversified Gas & Oil plc (LSE: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets, announced on 4 May 2020 a dividend in respect of the first quarter for the three month period ended 31 March 2020 of 3.50 cents per share ("Q1 2020 Dividend"). The Company will pay its Q1 2020 Dividend on 25 September 2020 to those shareholders on the register on 4 September 2020. The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 2.69 pence per share, based on the 10 September 2020 exchange rate of GBPGBP0.76867=US$1.00.
spangle93: Latest Edison review hTTps://www.edisongroup.com/wp-content/uploads/2020/09/Diversified-Gas-Oil-Strong-balance-sheet-allows-for-dividend-increase.pdf Our updated base case valuation stands at 139.8p/share, up from 125.4p/share, on inclusion of updated EIA gas price forecasts from 11 August 2020,and updated operating costs based on H120 results and reflecting the impact of the Carbon and EQT asset acquisitions. We also update DGO’s hedging portfolio and dividend distribution. We forecast a FY20 dividend yield of 10.6%atthe current share price
pro_s2009: https://www.investegate.co.uk/diversified-gas--amp--oil-plc/dgoc/original-research--diversified-gas--amp--oil-pl---/20200901160633EHVIR/ First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes confirms his BUY recommendation and increases the price target from GBp 130.00 to GBp 150.00. Summary: Following the H1 results, we have revised our dividend discount valuation of DGOC shares to include both a higher dividend in the second quarter of USD0.0375 (FBe: USD0.035) than forecast and rising gas futures prices since ours Cover recording at the end of June. Based on a futures curve rising for the remainder of this decade and DGOC's existing hedge portfolio, we expect the company's realized natural gas prices (after the impact of cash-settled derivatives) to be in the USD2 range over the next five years .34 / mcf to USD2.57 / mcf will remain stable. This compares to our 2020 forecast of USD 2.30 / mcf. The full cash cost for H1 / 20 (after operating costs, investments, costs for closing wells and cash interest) was USD 1.36 / mcf. This indicates a free cash flow return on sales of at least 42% to 47% over the next five years (economies of scale should lower unit costs as the company expands). DGOC should therefore have enough firepower to continue the regular acquisitions that have secured over 95% of its current production since early 2017. The goal of DGOC is that no less than 40% of the adjusted free cash flow, defined as adjusted EBITDA (hedged) minus maintenance investments, interest expenses and costs for the decommissioning of wells, should be paid out as dividends. According to our forecasts, the payout ratio based on the current dividend level will be 43% this year and 44% in 2021. We therefore consider the current dividend to be sustainable. The combination of a dividend yield of over 10% and strong and stable cash generation confirms our view that the stock is significantly undervalued. In addition, the current market capitalization justifies the inclusion of DGOC in the FTSE 250 index. New index members will be announced after the market closes on September 2nd with effect from September 21st. Our recommendation is to buy with a price target of £ 1.50 (previously: £ 1.30). You can download the full analysis here: http://www.more-ir.de/d/21507.pdf .
doubleorquits: Shares Mag update on their earlier tip of DGOC: Diversified Gas & Oil remains a generous dividend payer Recent first-half results demonstrated the resilience of the gas producer and its cash flow Diversified Gas & Oil (DGOC) 112.4p Gain to date: 10.2% Original entry point: Buy at 102p, 21 May 2020 Supported by a recovery in oil prices and robust operating performance, our faith in Diversified Gas & Oil (DGOC) is gradually being rewarded. A notable feature of the recent first-half results (10 Aug) was the continuing commitment to a generous dividend. The company’s interests in low-cost US natural gas production enables the business to generate plenty of cash. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11% year-on-year to $146 million. Average first-half net production was 95,100 barrels of oil equivalent per day, up 26% year-on-year. The company declared an interim dividend of 3.75 cents per share, up 7%, backed up by the ‘strength and durability’ of its cash flows. Based on consensus forecast data from Refinitiv the shares trade on a 2021 dividend yield of 10.1%. The company’s strong balance sheet position, with chief executive Rusty Hutson flagging total liquidity of $220 million, should also enable it to take advantage of any opportunities created in the current challenging environment. SHARES SAYS: The company has demonstrated its ability to buy assets at attractive prices to grow its production and to manage these assets efficiently. These qualities underpin a very generous stream of income.
pro_s2009: !YOUTUBEVIDEO:VEhJvHxq6Fo: Web site : https://www.dgoc.com/ Latest Presentation : https://d1io3yog0oux5.cloudfront.net/_884d212a3380824de1feafaeefee41b7/dgoc/db/557/4296/pdf/DGO_2020_Interim_Results_Presentation.pdf Interim Results Webinar : https://www.youtube.com/watch?v=od4xArKptro August 2020 Broker Note : https://ufile.io/5nzywj5p Sept 2020 Edison Note : https://www.edisongroup.com/wp-content/uploads/2020/09/Diversified-Gas-Oil-Strong-balance-sheet-allows-for-dividend-increase.pdf October 2020 Research Note : http://www.more-ir.de/d/21713.pdf October 2020 Write up : https://seekingalpha.com/article/4379069-diversified-gas-oil-this-unique-appalachian-gas-producer-is-strong-buy-for-income-investors A Consolidated Appalachian Footprint Diversified Gas & Oil PLC (DGO) is an established, independent owner and operator of producing natural gas & oil wells concentrated in the Appalachian Basin in the United States. Our field operations are densely located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, and Pennsylvania, where we are one of the largest independent conventional producers. We have grown rapidly over the last few years, capitalizing upon opportunities to acquire and enhance producing assets in our region of focus, and leveraging the operating efficiencies that come with economies of scale. Dividend Dates : Q1 2020 dividend of 3.5 US cents per share Ex-dividend Date: 3 September 2020 Record Date: 4 September 2020 Payment Date: 25 September 2020 Q2 2020 dividend of 3.75 US cents per share Ex-dividend Date: 26 November 2020 Record Date: 27 November 2020 Payment Date: 18 December 2020 Director Trades : 06/10/20 BUY David Johnson____25,000 @ 104.99 £26,247.00 21/08/20 BUY Melanie Little__ 20,000 @ 109.85 £21,970.00 03/06/20 BUY Bradley Gray____ 20,000 @ 106.40p £21,280.00 23/04/20 BUY David Turner____ 18,097 @ 89.30p £16,161.00 23/04/20 BUY David Turner____ 158,90 @ 88.30p £140,311.00
shanklin: I don't remember any paperwork but certainly in my SIPP no tax is withheld on DGOC dividends. Same for SPSY, no tax in SIPP, 15% tax in ISA.
neilyb675: We expect DGOC's adjusted EBITDA (hedged) to grow 4% this year. By contrast, consensus estimates for a peer group of seven of the largest Appalachian gas exploration and production companies show an average decline in 2020 EBITDA of 36%. The divergence in performance is a consequence of the difference between DGOC's business model and that of its peers. New gas production at the peers stems primarily from drilling of unconventional wells subject to steep output declines (production in year two is less than half of production in year one). According to their own guidance, total CAPEX (largely drilling and completion) at the peers will be down 39% this year because of weak gas prices. If drilling declines, so does output. DGOC does not drill but acquires mature wells with stable production and low declines. It then maximises their efficiency, seeking to improve production from active wells and bring non-producing wells back into production. DGOC's most recent quarterly dividend of USD0.035 per share equates to an annual yield of 12.0%. The stability of the business model, two recent EBITDA per share-accretive acquisitions and a hedgebook in which we estimate ca. 78% of 2020 and 69% of 2021 gas production is hedged at USD2.69/MMBtu and USD2.62/MMBtu respectively should ensure the sustainability of the current dividend. In addition, the current market cap warrants the stock's inclusion in the FTSE 250 Index in September. Our recommendation is Buy with a price target of GBP1.30.
timchecco: Dhb368: I’m on your side regarding paying less dividend and use it to decrease debt. Not sure why they do this. Think more investors will come when stock price shows significant growth over the years. Good news is two recent acquisitions of assets and moving to main market gaining a lot more exposure. Research done by independent analists and current market value between 140 and 160p. These extreme times of low gas and oil prices are in favour of DGOC as they can cheaper buy assets from other oil and gas companies that need cash and maintain a good cash flow because of smart hedging. Not sure if future dividend can be maintained at this level, but even if they pay 50% of what they pay now would be nice. So far the track record of DGOC is flawless. I find it almost funny to watch videos of Rusty over the years and continuously telling the viewers ‘this is what we promised and we (over) delivered every single time’. Hope to be not wrong as I’m heavily in DGOC. Wells that have higher decrease or even no gas left anymore is something we can’t ever see as ‘small’ investors. But I think Rusty will be honest and wanting to take DGOC into the far future being a successful company as his whole family has been in oil and gas and he probably does not want to end up as the cowboy who failed... Good luck everybody!
lab305: From today.... Diversified Gas & Oil will see increased investor interest as a standout dividend payer It is rated as a 'buy' with a price target of 140p per share. Diversified Gas & Oil PLC - Diversified Gas & Oil will court increased investor interest as a standout dividend payer Diversified Gas & Oil PLC (LON:DGOC), as a dividend payer that’s imminently headed for the FTSE 250, will be the subject of increasing investor interest. That’s the view of stockbroker Mirabaud Securities which today repeated a ‘buy’ recommendation, with an improved price target of 140p (from 135p). It has been a busy time for DGOC after it stepped up from AIM to London’s Main Market, closed to asset acquisitions and is now set for inclusion in the FTSE 250 index. READ: DGOC closes second asset acquisition “The fact so much has been achieved during a period of unprecedented volatility in financial & commodity markets is demonstrative of the resilience of the business model and stability of the underlying cash flows,” Mirabaud analyst Tim Hurst-Brown said in a note. “In a world where dependable income affords a scarcity premium, we believe that DGOC’s dividend credentials (11.3% CY21 yield) will drive increasing interest in the stock, alongside the Main Board move and FTSE250 membership.” On Wednesday, DGOC announced the completion of its second recent asset acquisition – picking up 6,100 wells from Carbon Energy for US$110mln.
spangle93: DHB: "I do think that there will be a significant short-term drop in the dividend yield and would prefer that to happen and for them to use that on acquisitions" It's a valid opinion. I would counter that if they moved to the main market and then promptly reduced the dividend, it would alienate a whole raft of institutional investors that are finally able to include DGOC in their income portfolios. Of course, if you meant that the share price is about to double, thus creating a signficant drop in the dividend yield, then I'm loving what you're saying. ;-)
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201021 11:27:14