ARC Resources Plans Jun 18 Dividend of $0.05 (ARX)

ARC Resources (TSE:ARX) declared a jun 18 dividend on Tuesday, May 15th, RTT News reports. Shareholders of record on Thursday, May 31st will be paid a dividend of 0.05 per share by the oil and gas exploration company on Friday, June 15th. The ex-dividend date of this dividend is Wednesday, May 30th.

Shares of ARC Resources opened at C$13.38 on Friday, MarketBeat Ratings reports. ARC Resources has a 1-year low of C$11.88 and a 1-year high of C$18.49.

ARX has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of ARC Resources from C$15.00 to C$16.00 in a research report on Friday, May 4th. Raymond James increased their price objective on shares of ARC Resources from C$21.00 to C$22.00 in a report on Tuesday, April 24th. CSFB decreased their price objective on shares of ARC Resources from C$21.00 to C$19.00 in a report on Friday, April 13th. GMP Securities decreased their price objective on shares of ARC Resources from C$20.50 to C$18.50 in a report on Friday, February 9th. Finally, TD Securities decreased their price objective on shares of ARC Resources from C$19.00 to C$18.50 in a report on Friday, February 9th.

ARC Resources Company Profile

ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. The company primarily holds interests in the Montney resource play properties located in northeast British Columbia and northern Alberta; and other assets located in the Cardium formation in the Pembina area of Alberta.

Dividend History for ARC Resources (TSE:ARX)

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