Tourmaline Oil Corp. (OTCMKTS:TRMLF) Plans Dividend of $0.36

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Friday, May 3rd, investing.com reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.3632 per share on Thursday, May 16th. This represents a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a positive change from Tourmaline Oil’s previous dividend of $0.22.

Tourmaline Oil Price Performance

OTCMKTS TRMLF opened at $48.98 on Tuesday. Tourmaline Oil has a one year low of $39.39 and a one year high of $53.91. The stock has a 50-day moving average of $46.72 and a 200 day moving average of $46.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $17.22 billion and a price-to-earnings ratio of 12.82.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings data on Wednesday, March 6th. The company reported $1.47 earnings per share for the quarter. The firm had revenue of $1.22 billion during the quarter. Tourmaline Oil had a net margin of 28.95% and a return on equity of 12.86%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.