Noble Energy, Inc. announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from the prior 14 cents per common share quarterly dividend. The dividend is payable on May 19, 2014, to the shareholders of record at the close of business on May 5, 2014.
Charles D. Davidson, Noble Energy's Chairman and CEO, commented, "Our Board of Directors has approved this increase as a vote of confidence in our asset portfolio and our multi-year outlook of growth in production and returns."
Noble Energy is an independent energy company engaged in worldwide oil and gas exploration and production. The company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL.