Noble Energy declares dividend

Noble Energy Inc. (NYSE: NBL), an oil and natural gas producer with significant operations in Weld County, declared Tuesday a quarterly cash dividend of 14 cents per common share.

Noble Energy will pay the dividend Aug. 19 to the shareholders of record on Aug. 5. The new dividend follows a 28-cent dividend the company announced in April when its board of directors approved a two-for-one split in its common stock ahead of the company’s first-quarter earnings announcement.

The dividend comes ahead of Noble Energy’s earnings conference call scheduled for Thursday, where it will announce its second quarter results.

The company reported first-quarter earnings of $261 million, down from $263 million despite record sales volume in the Denver-Julesburg Basin, which includes Weld County.

Noble achieved record sales volume of 92,000 barrels of oil equivalent per day from the Denver-Julesburg Basin during that quarter. Those sales volumes represented almost two thirds of the company’s U.S. volumes of 146,000 barrels of oil equivalent per day

Noble Energy shares were down less than one point at $65.36.

An earlier version of this story mischaracterized Noble Energy’s second quarter dividend. The dividend was changed from 28 cents per share to 14 cents per share because of a two-for-one stock split.


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