Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: February 22, 2021
Principal Executive Offices: Dallas, Texas
Trading Symbol: MTDR (New York Stock Exchange)
This filing discloses the adoption of a new dividend policy and the declaration of a quarterly cash dividend on the Company's common stock.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The declaration of the dividend is noted to depend on the Company's results of operations, cash flows, financial position, and capital requirements, but no specific figures are included in this report.
Material Changes
- Dividend Policy Adoption: The Board of Directors has adopted a formal dividend policy.
- Dividend Declaration: A quarterly cash dividend on common stock has been declared.
Guidance, Outlook, and Management Commentary
Dividend Discretion: Future dividends under the new policy will be made at the discretion of the Board of Directors. Decisions will depend on:
- Results of operations
- Cash flows
- Financial position and capital requirements
- General business conditions
- Legal, tax, and regulatory restrictions
- Other factors deemed relevant by the Board
Legal Status: The information furnished pursuant to Item 7.01, including the press release, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any filing under the Securities Act of 1933 unless specifically identified.
Investor Verification Checklist
- Verify the specific dividend amount and payment date in the attached press release (Exhibit 99.1), as these figures are not present in the 8-K text.
- Review the Company's most recent 10-Q or 10-K to assess the cash flow and liquidity position supporting the new dividend policy.
- Monitor future Board announcements for changes to the dividend policy based on operational results and market conditions.