Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: February 13, 2024
Event: Declaration of a quarterly cash dividend on common stock pursuant to the dividend policy adopted by the Board of Directors in October 2023.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves solely to announce the dividend declaration and references the Board's discretion regarding future payments based on operational results and financial position.
Material Changes
No material changes to financial performance or operations are detailed in this filing. The primary change is the formal declaration of a quarterly cash dividend.
Guidance, Outlook, and Risks
- Dividend Policy: Future dividends are at the discretion of the Board and depend on results of operations, cash flows, financial position, capital requirements, and general business conditions.
- Constraints: Payments are subject to legal, tax, and regulatory restrictions.
- Legal Status: The information furnished under Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into other filings unless specifically identified.
Investor Verification Checklist
- Verify the specific dividend amount per share and the record/payment dates in the attached press release (Exhibit 99.1), as these figures are not included in the 8-K text body.
- Review the October 2023 Board resolution regarding the dividend policy for long-term payout expectations.
- Confirm the company's current cash flow and capital requirements in the most recent 10-Q or 10-K to assess the sustainability of the dividend.