Cardinal Energy Ltd. (TSE:CJ) Announces Monthly Dividend of $0.06

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, February 27th, TickerTech Dividends reports. Stockholders of record on Monday, March 16th will be given a dividend of 0.06 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, February 27th.

Cardinal Energy Trading Up 0.6%

Shares of TSE CJ opened at C$9.75 on Friday. The stock has a market cap of C$1.69 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of -0.26 and a beta of 0.46. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. Cardinal Energy has a 52-week low of C$4.64 and a 52-week high of C$10.10. The firm has a 50 day moving average price of C$9.04 and a two-hundred day moving average price of C$8.38.

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.