HighPeak Energy Announces Share Buyback and Dividend

HighPeak Energy (HPK) has released an update.

HighPeak Energy, Inc. has launched a new share repurchase program, signaling a confident move by the Board of Directors, with plans to buy back up to $75 million of its common stock. Adding to the positive news for investors, the company has also declared a quarterly dividend of $0.04 per share, set to be paid out on March 25, 2024, to those holding shares as of March 1, 2024. This strategic financial decision positions HighPeak Energy as an attractive option for stock market enthusiasts seeking growth and returns.

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For a comprehensive understanding of the announcement, you can read the full document here.