HOUSTON – November 05, 2026 -- Vaalco Energy declared a quarterly cash dividend of $0.0625 per share for the fourth quarter of 2026, equal to $0.25 annualized, marking its 20th consecutive quarterly payout.
Vaalco sets December 22 payment date for the fourth-quarter dividend
The dividend is payable on December 22, 2026, to stockholders of record at the close of business on November 20, 2026. The company is listed on the NYSE and on the Main Market of the London Stock Exchange under the symbol EGY.
CEO ties the payout to cash-generating assets in four African countries
CEO George Maxwell said the company's diversified portfolio of cash-flow-generating assets supports its strategic growth initiatives while allowing a "sustainable, meaningful dividend." Vaalco holds production, development and exploration assets in Gabon, Egypt, Côte d'Ivoire and Equatorial Guinea.
Since 2021, the Houston-based company has grown from a single-asset producer into a multi-country African operator through acquisitions, portfolio optimization and operational delivery. Vaalco says it has a self-funded pathway to significantly increase production from resources already in its portfolio.
Board retains discretion over dividends after the fourth quarter
Dividends beyond the fourth quarter of 2026 have not been approved or declared. Future declarations and record and payment dates require Board approval. The Board will weigh financial results, balance sheet strength, cash and liquidity requirements, future prospects and crude oil and natural gas prices. It may revise or terminate the payment level at any time without prior notice.
Among the risks Vaalco cites is the timing and cost of scheduled maintenance on the FPSO servicing the Baobab field. The company also cites its ability to generate cash flows that, together with cash on hand, will cover operations and cash requirements.