California Resources Increases Quarterly Dividend to $0.42 Per Share
California Resources Corporation (CRC) has announced a 3.7% increase in its quarterly dividend, raising the payout from $0.41 to $0.42 per share. This move reflects the company's ongoing capital allocation strategy following recent financial performance. The announcement comes amidst broader discussions regarding the company's strategic priorities and earnings power. While hedging activities have impacted some earnings metrics, CRC reported a Non-GAAP EPS of $1.17 for its most recent quarter, exceeding analyst expectations by $0.20.
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