Meren Energy Inc. (TSE:MER) Announces $0.04 Quarterly Dividend

Meren Energy Inc. (TSE:MER) declared a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Stockholders of record on Friday, September 4th will be given a dividend of 0.0371 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, August 20th.

Meren Energy Price Performance

Shares of TSE:MER opened at C$2.26 on Tuesday. Meren Energy has a 1 year low of C$1.67 and a 1 year high of C$2.58. The company has a 50-day simple moving average of C$2.04. The firm has a market cap of C$1.53 billion, a P/E ratio of -14.12 and a beta of 0.23.

Meren Energy (TSE:MER) last released its earnings results on Tuesday, August 11th. The company reported C$0.07 EPS for the quarter. The business had revenue of C$279.47 million for the quarter.

About Meren Energy

Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.