Tourmaline Oil Corp. (TSE:TOU) Plans $0.50 Quarterly Dividend

Tourmaline Oil Corp. (TSE:TOU) announced a quarterly dividend on Monday, March 16th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.50 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, March 16th.

Tourmaline Oil Stock Performance

Shares of Tourmaline Oil stock traded up C$0.44 on Friday, hitting C$67.09. The stock had a trading volume of 1,997,364 shares, compared to its average volume of 2,720,676. The stock has a market cap of C$25.98 billion, a price-to-earnings ratio of 98.66, a P/E/G ratio of 1.72 and a beta of 0.00. The company has a current ratio of 0.83, a quick ratio of 0.47 and a debt-to-equity ratio of 12.25. Tourmaline Oil has a 52-week low of C$55.40 and a 52-week high of C$70.73. The company’s 50 day moving average price is C$62.08 and its 200 day moving average price is C$61.48.

Tourmaline Oil (TSE:TOU) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($1.72) earnings per share (EPS) for the quarter. The firm had revenue of C$1.66 billion for the quarter. Tourmaline Oil had a return on equity of 1.65% and a net margin of 5.03%. On average, research analysts anticipate that Tourmaline Oil will post 5.6809091 EPS for the current 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.