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

ARC Resources Ltd. (OTCMKTS:AETUF) declared 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 annualized dividend 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

ARC Resources stock opened at $18.83 on Tuesday. ARC Resources has a 52 week low of $14.89 and a 52 week high of $19.64. The business has a 50-day simple moving average of $18.29 and a 200 day simple moving average of $17.80. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.89 and a beta of 1.00.

ARC Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, February 6th. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that ARC Resources will post 2.23 earnings per share for the current fiscal year.

ARC Resources Company Profile

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.