 SM Energy Co. SM, -1.57 announced Wednesday that it has raised the quarterly dividend to 15 cents a share, which compares with the last-paid dividend of 1 cent a share. Based on Tuesdays stock closing price of 42.58, the oil and gas production companys new annual dividend rate implies a dividend yield of 1.41, compared with the yield for the SPDR Energy Select Sector ETF XLE, -0.93 of 3.54 and the implied yield for the SP 500 SPX, -0.41 of 1.68. 