secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001520006-23-000188
Event type: dividend
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador Resources raises quarterly dividend 33% to $0.20/sh, expands credit facility
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- Quarterly cash dividend increased 33% to $0.20 per share, payable Dec 1, 2023, record Nov 10.
- Credit facility borrowing base increased to $2.5B from $2.25B; max facility to $2.0B from $1.5B.
- Elected commitment raised to $1.325B from $1.25B; only $530M drawn as of Sep 30.
- JPMorgan Chase joins bank group; BOK Financial and Cathay Bank increase commitments.
- CEO cites growing financial strength and positive operational outlook for dividend hike.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/0001520006-23-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000188/mtdr-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000188

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