Arc Resources (OTCMKTS:AETUF) announced a monthly dividend on Thursday, February 8th, Zacks reports. Investors of record on Wednesday, February 28th will be given 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 4.76%. The ex-dividend date is Tuesday, February 27th. This is a boost from Arc Resources’s previous monthly dividend of $0.04.
Shares of Arc Resources (AETUF) traded up $0.33 during midday trading on Friday, reaching $10.09. 10,722 shares of the company’s stock traded hands, compared to its average volume of 19,981. 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 has a 1-year low of $9.55 and a 1-year high of $14.81. The company has a market cap of $3,499.03, a price-to-earnings ratio of 12.14 and a beta of 1.03.
Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, February 8th. The energy company reported $0.17 earnings per share (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%.
Several analysts recently commented on AETUF shares. Barclays downgraded shares of Arc Resources from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 17th. ValuEngine downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
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About Arc Resources
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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