Arc Resources (AETUF) Raises Dividend to $0.04 Per Share

Arc Resources (OTCMKTS:AETUF) declared a monthly dividend on Thursday, February 8th, Zacks reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.04 per share by the energy company on Thursday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from Arc Resources’s previous monthly dividend of $0.04.

Arc Resources (OTCMKTS AETUF) opened at $10.14 on Thursday. The company has a market cap of $3,609.83, a P/E ratio of 14.37 and a beta of 0.97. Arc Resources has a 12 month low of $9.67 and a 12 month high of $16.24. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.23.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings data on Thursday, February 8th. The energy company reported $0.17 EPS for the quarter. The company had revenue of $267.96 million during the quarter. Arc Resources had a net margin of 31.40% and a return on equity of 9.12%.

A number of brokerages recently commented on AETUF. ValuEngine downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays lowered shares of Arc Resources from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 17th.

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Arc Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. The company was founded in 1996 and is headquartered in Calgary, Canada.

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