Tourmaline Oil Corp. (TOU) to Issue Quarterly Dividend of $0.50 on June 30th

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

Tourmaline Oil Trading Up 0.0%

TOU stock traded up C$0.02 during mid-day trading on Friday, reaching C$63.20. The company had a trading volume of 3,727,823 shares, compared to its average volume of 2,790,194. The company has a debt-to-equity ratio of 7.14, a current ratio of 0.88 and a quick ratio of 0.47. The company has a market capitalization of C$24.54 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.72 and a beta of -0.24. The firm has a 50 day moving average of C$63.95 and a 200 day moving average of C$63.31. Tourmaline Oil has a 12 month low of C$56.72 and a 12 month high of C$70.57.

Tourmaline Oil (TSE:TOU) last issued its earnings results on Wednesday, May 6th. The company reported C$1.69 EPS for the quarter. The business had revenue of C$1.78 billion for the quarter. Tourmaline Oil had a net margin of 12.79% and a return on equity of 4.40%. On average, equities analysts predict that Tourmaline Oil will post 5.6809091 earnings per share 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.