Tourmaline Oil Corp. (TSE:TOU) Announces $0.50 Quarterly Dividend

Tourmaline Oil Corp. (TSE:TOU) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.50 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 15th.

Tourmaline Oil Stock Up 0.0%

Shares of TSE:TOU traded up C$0.02 during trading on Friday, reaching C$63.20. The stock had a trading volume of 3,727,823 shares, compared to its average volume of 2,790,194. Tourmaline Oil has a one year low of C$56.72 and a one year high of C$70.57. The company has a market capitalization of C$24.54 billion, a P/E ratio of 34.92, a PEG ratio of 1.72 and a beta of -0.24. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 7.14. The firm’s 50-day simple moving average is C$63.95 and its 200 day simple moving average is C$63.31.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.69 earnings per share for the quarter. Tourmaline Oil had a net margin of 12.79% and a return on equity of 4.40%. The business had revenue of C$1.78 billion for the quarter. As a group, research analysts expect that Tourmaline Oil will post 5.6809091 EPS for the current fiscal 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.