Reported 2 months ago
Vitesse Energy has raised its quarterly dividend from $0.50 to $0.525 per share, leading to an attractive 9.2% yield for investors. The company has been increasing its hedging on expected oil production to mitigate risks associated with fluctuating oil prices, benefiting from a current price stability above $75 per barrel. With plans for increased production and successful asset acquisitions in 2024, Vitesse Energy remains a favorable option for income-focused investors in the energy sector.
Source: YAHOO