Tourmaline Oil Corp. (TOU) to Issue Quarterly Dividend of $0.50 on March 31st

Tourmaline Oil Corp. (TSE:TOU) announced a quarterly dividend on Monday, March 16th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.50 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 16th.

Tourmaline Oil Stock Up 0.7%

Shares of Tourmaline Oil stock traded up C$0.44 during trading on Friday, reaching C$67.09. The company’s stock had a trading volume of 1,997,364 shares, compared to its average volume of 2,720,676. Tourmaline Oil has a 1-year low of C$55.40 and a 1-year high of C$70.73. The company has a 50-day simple moving average of C$62.08 and a two-hundred day simple moving average of C$61.48. The company has a quick ratio of 0.47, a current ratio of 0.83 and a debt-to-equity ratio of 12.25. The company has a market cap of C$25.98 billion, a price-to-earnings ratio of 98.66, a P/E/G ratio of 1.72 and a beta of 0.00.

Tourmaline Oil (TSE:TOU) last announced its earnings results on Wednesday, March 4th. The company reported C($1.72) earnings per share (EPS) for the quarter. Tourmaline Oil had a net margin of 5.03% and a return on equity of 1.65%. The business had revenue of C$1.66 billion for the quarter. As a group, equities analysts forecast that Tourmaline Oil will post 5.6809091 earnings per share for the current year.

About Tourmaline Oil

Tourmaline is Canada’s largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution, cost management, safety and environmental performance improvement, we are excited to provide shareholders an excellent return on capital and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.