Cardinal Energy Ltd (CJ) to Issue Monthly Dividend of $0.04 on September 15th
Cardinal Energy Ltd (TSE:CJ) announced a monthly dividend on Monday, August 14th, Zacks reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.035 per share on Friday, September 15th. This represents a $0.42 annualized dividend and a dividend yield of 9.70%. The ex-dividend date is Tuesday, August 29th.
Shares of Cardinal Energy (CJ) opened at 4.33 on Monday. The company’s market cap is $477.64 million. The stock’s 50 day moving average is $4.42 and its 200 day moving average is $6.06. Cardinal Energy has a 1-year low of $3.76 and a 1-year high of $10.81.
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In related news, Director Gregory Tisdale purchased 19,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of C$4.05 per share, with a total value of C$76,950.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of C$4.20 per share, for a total transaction of C$42,000.00. Over the last three months, insiders have bought 64,000 shares of company stock worth $256,900.
A number of research analysts have recently commented on CJ shares. Raymond James Financial, Inc. reduced their target price on shares of Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating on the stock in a research report on Thursday, August 3rd. BMO Capital Markets set a C$7.00 target price on shares of Cardinal Energy and gave the stock an “outperform” rating in a research report on Friday, July 28th. Scotiabank cut shares of Cardinal Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$10.00 to C$6.00 in a research report on Wednesday, August 9th. Royal Bank Of Canada reduced their target price on shares of Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Finally, TD Securities reduced their target price on shares of Cardinal Energy from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$7.64.
Cardinal Energy Company Profile
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