- Kodiak Gas Services, Inc. (KGS, Financial) has increased its quarterly dividend by 10% to $0.45 per share.
- The new dividend is payable on May 15, 2025, to stockholders of record by May 5, 2025.
- Kodiak will release its Q1 2025 earnings on May 7, 2025, followed by a conference call on May 8, 2025.
Kodiak Gas Services, Inc. (KGS), a leader in contract compression services based in The Woodlands, Texas, has announced a 10% increase in its quarterly cash dividend, raising it to $0.45 per share for the first quarter of 2025. The dividend will be distributed on May 15, 2025, to shareholders who are registered by the close of business on May 5, 2025.
In a parallel move, Kodiak Gas Services, LLC, a subsidiary of Kodiak, will distribute $0.45 per unit to all unitholders of record on May 5, 2025, with payments also scheduled for May 15, 2025. Mickey McKee, President and CEO of Kodiak, noted that this increase highlights the company's robust business model and steady cash flows, marking the second dividend hike in the past year.
Furthermore, Kodiak will publish its first-quarter 2025 financial results on May 7, 2025, after market close. A conference call is scheduled for May 8, 2025, at 11:00 a.m. Eastern Time. The call will be accessible via phone at 877-407-4012, requesting the Kodiak Gas Services call, or online at their investor relations page, with replays available until May 22, 2025.
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