SM Energy As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
SM $0.60 2900.0% 0.0% -80.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Oil & Gas Exploration & Production 1.7% N/A N/A Quarter N/A
SM Energy logo | image credit: company website
SM Energy logo | image credit: company website

On September 7, 2022, SM Energy Company (SM) announced a dividend hike of 2900% to $0.15 quarterly per share. Previously SM had been paying a 1 cent per share semi-annual dividend to shareholders. This huge 2900 percent dividend hike is by far the biggest for all US listed stocks in 2022.

The company's fixed dividend has been increased to $0.60 per share annually, to be paid in quarterly increments of $0.15 per share. This initial fixed dividend provides an approximate 1.4% yield to current market capitalization. The increased fixed dividend is intended to be sustainable through industry cycles and considers the maintenance capital and replacement capital required for long-term, profitable sustainability.

SM Energy (SM) Dividend history and dividend growth statistics
Company name SM Energy Co
Ticker symbol SM
ISIN-code US78454L1008
company website https://www.sm-energy.com/
Sector Energy
Business Oil & Gas Exploration & Production
Dividend paid since 1993
Track record (years increased) 1
Payment Frequency Semi-annual dividend
Dividend growth: 5 year average 43.1%
Next dividend per share $0.15
Annual dividend per share $0.60
Dividend yield* 1.4%
Stock price* $42.40
YTD Total Return* 44.5%
Next ex-dividend date October 24, 2022
Next payment date November 7, 2022
Market cap (in $B)* 5.20
Total dividend (in $B) 0.07
  *As of September 7, 2022

In connection with this component of the Company's capital return program, the Board of Directors has approved a dividend of $0.15 per share of common stock outstanding that will be paid on November 7, 2022 to the owners of record at the close of business on October 25, 2022. 

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM is engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquid (NGL) in the state of Texas. Its operations are concentrated in the Midland Basin and South Texas. The Company has drilling and completion activities within its RockStar and Sweetie Peck positions in the Midland Basin focuses primarily on delineating, developing, and expanding its Midland Basin position. In 2022 SM Energy switched from a semi-annual dividend to an annual dividend payment.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%