ARC Resources Ltd (ARX) to Issue Quarterly Dividend of $0.05 on October 15th
ARC Resources Ltd (TSE:ARX) declared a quarterly dividend on Monday, September 17th, RTT News reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.05 per share by the oil and gas exploration company on Monday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 27th.
Shares of ARC Resources stock traded down C$0.11 during trading on Wednesday, reaching C$14.17. 512,608 shares of the company’s stock were exchanged, compared to its average volume of 1,256,406. ARC Resources has a 1-year low of C$11.88 and a 1-year high of C$18.34.
ARC Resources (TSE:ARX) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas exploration company reported C($0.13) EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.27). ARC Resources had a return on equity of 8.10% and a net margin of 23.54%. The business had revenue of C$344.40 million for the quarter, compared to analyst estimates of C$353.40 million.
In other ARC Resources news, Director John Patrick Dielwart bought 6,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average price of C$14.49 per share, for a total transaction of C$91,287.00. Also, Director David Ralph Collyer bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average price of C$13.49 per share, for a total transaction of C$134,900.00.
About ARC Resources
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.
Recommended Story: Day Trading
Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.