Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: April 26, 2021
Principal Executive Offices: Dallas, Texas
Trading Symbol: MTDR (New York Stock Exchange)
This filing serves as a Regulation FD disclosure regarding the declaration of a quarterly cash dividend on the Company's common stock, issued pursuant to a dividend policy adopted by the Board of Directors in February 2021.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the corporate action of declaring a dividend rather than reporting operational financial results.
Material Changes
No material changes to financial performance or operational status are reported in this specific filing. The primary event is the implementation of the dividend policy established in February 2021.
Guidance, Outlook, and Management Commentary
- Dividend Declaration: The Board declared a quarterly cash dividend on common stock.
- Future Dividends: Payment of future dividends remains at the discretion of the Board.
- Determining Factors: Future decisions will depend on results of operations, cash flows, financial position, capital requirements, general business conditions, and legal, tax, and regulatory restrictions.
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 February 2021 Board meeting minutes or prior filings to understand the full scope of the adopted dividend policy.
- Confirm the Company's current cash flow position and capital requirements to assess the sustainability of the declared dividend.