ARC Resources Ltd. (OTCMKTS:AETUF) Raises Dividend to $0.19 Per Share

ARC Resources Ltd. (OTCMKTS:AETUFGet Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.19 per share by the energy company on Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.04%. This is a 313.0% increase from ARC Resources’s previous quarterly dividend of $0.05.

ARC Resources Price Performance

Shares of AETUF stock traded up $0.45 during midday trading on Monday, reaching $18.83. 33,801 shares of the company traded hands, compared to its average volume of 36,920. The firm’s 50 day simple moving average is $18.29 and its two-hundred day simple moving average is $17.80. The firm has a market cap of $11.11 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. ARC Resources has a 1-year low of $14.89 and a 1-year high of $19.64.

ARC Resources (OTCMKTS:AETUFGet Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. On average, equities research analysts expect that ARC Resources will post 2.23 EPS for the current fiscal year.

About ARC Resources

(Get Free Report)

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.

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Dividend History for ARC Resources (OTCMKTS:AETUF)

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