Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: October 25, 2021
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 values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance actions regarding dividends rather than periodic financial performance data.
Material Changes
- Dividend Policy Amendment: The Company amended its dividend policy to guide future dividend declarations.
- Dividend Declaration: A quarterly cash dividend on common stock was declared pursuant to the new policy.
Guidance, Outlook, and Management Commentary
Dividend Determination Factors: Management stated that future dividend payments under the new policy will be made at the discretion of the Board. 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 at the time of declaration
Legal Disclaimer: 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 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 full text of the amended dividend policy to understand specific thresholds or conditions for future payments.
- 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 declared dividend.