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

Tourmaline Oil Corp. (TSE:TOU) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given 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 of this dividend is Monday, June 15th.

Tourmaline Oil Stock Performance

Shares of TOU stock traded up C$0.02 during midday trading on Friday, hitting 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’s 50 day simple moving average is C$63.95 and its 200 day simple moving average is C$63.31. Tourmaline Oil has a 52-week low of C$56.72 and a 52-week high of C$70.57. The stock has a market cap of C$24.54 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 1.72 and a beta of -0.24. The company has a debt-to-equity ratio of 7.14, a current ratio of 0.88 and a quick ratio of 0.47.

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

Tourmaline Oil Company Profile

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.