Business Context and Reporting Period
Company: Matador Resources Company (MTDR)
Filing Type: Form 8-K (Current Report)
Date of Report: October 16, 2024
Primary Event: Announcement of an amendment to the Company's dividend policy and the declaration of a quarterly cash dividend.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance actions regarding shareholder returns rather than periodic financial performance data.
Material Changes
- Dividend Policy Amendment: The Company announced an amendment to its existing dividend policy.
- Dividend Declaration: A quarterly cash dividend on common stock was declared pursuant to the new policy.
- Shareholder Communication: A communication regarding these updates was posted to the Company's Investor Relations website.
Guidance, Outlook, and Risks
Management Commentary: Future dividend payments remain at the discretion of the Board of Directors. Decisions will depend on results of operations, cash flows, financial position, capital requirements, general business conditions, and legal, tax, and regulatory restrictions.
Risks and Contingencies: The filing notes that future dividends are not guaranteed and are subject to the factors listed above. The information provided in this 8-K is not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into other filings unless specifically identified.
Investor Verification Checklist
- Verify the specific amount per share of the declared quarterly dividend in the attached press release (Exhibit 99.1).
- Confirm the record date and payment date for the declared dividend.
- Review the full text of the amended dividend policy to understand the new framework for future distributions.
- Check the Company's website under the "Events and Presentations—Shareholder Communications" page for additional details.