07:50 AM EDT, 09/03/2024 (MT Newswires) -- Permian Resources ( PR ) said Tuesday it has raised its quarterly base dividend and expanded its stock buyback plan under a new shareholder return policy.

The quarterly base dividend of $0.15 per share will be effective with the Q3 dividend, said the company, which also approved a new stock buyback plan of $1 billion that replaces its $500 million share repurchase program.