Tourmaline Oil Corp. (OTCMKTS:TRMLF) Raises Dividend to $0.36 Per Share

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

Tourmaline Oil Trading Down 1.0 %

Tourmaline Oil stock opened at $47.30 on Friday. Tourmaline Oil has a one year low of $39.39 and a one year high of $53.91. The company’s fifty day moving average price is $46.55 and its two-hundred day moving average price is $46.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $16.63 billion and a price-to-earnings ratio of 12.95.

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

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.