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HOUSTON - W&T Offshore, Inc. (NYSE:WTI) announced that its Board of Directors approved a quarterly cash dividend of $0.01 per share of common stock for the first quarter of 2026, according to a press release statement.
The dividend is payable on March 26, 2026 to stockholders of record as of March 19, 2026. This marks the company’s ninth consecutive quarterly dividend since the program began in November 2023. The current dividend yield stands at 1.37%, while the stock has delivered impressive returns with a 79.75% gain year-to-date and over 101% return in the past year.
"We are pleased to announce our first quarter 2026 dividend, marking our ninth consecutive quarterly dividend," said Tracy W. Krohn, the company’s Chairman of the Board and Chief Executive Officer.
The company noted that future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
W&T Offshore is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico. As of September 30, 2025, the company had working interests in 50 fields in federal and state waters, including 43 fields in federal waters and seven in state waters. The company has under lease approximately 624,700 gross acres spanning the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama.
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