Midland, Texas-based Permian Resources Corp.’s board of directors announced Feb. 27 a quarterly cash dividend of $0.05 per share of Class A common stock, or $0.20 per share annually.

The board also declared a quarterly variable cash dividend of $0.10 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.15 per share.

Both dividends are payable March 21 to shareholders of record by March 13.