Hess Increases Quarterly Dividend by 150 Percent
NEW YORK -- September 4, 2013
The Board of Directors of Hess Corporation (NYSE: HES) today authorized the
previously announced 150 percent increase to its quarterly dividend, declaring
a dividend of 25 cents per share payable on the Common Stock of the
Corporation on September 30, 2013 to holders of record at the close of
business on September 16, 2013.
John B. Hess, Chief Executive Officer, said, “Our transformation into a pure
play exploration and production company allows us to increase cash returns to
shareholders. In addition to being able to repurchase shares under our
existing $4 billion authorization, we are also substantially increasing our
quarterly dividend. We remain committed to ensuring that our reshaped
portfolio of focused, lower risk upstream assets is optimally positioned to
drive production growth, enhance profitability, and generate superior
Hess Corporation is a leading global independent energy company primarily
engaged in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
Jay Wilson, 212-536-8940
Jon Pepper, 212-536-8550
Press spacebar to pause and continue. Press esc to stop.