Cardinal Energy Ltd. (CJ) To Go Ex-Dividend on July 31st

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be paid a dividend of 0.06 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, July 31st.

Cardinal Energy Stock Performance

CJ opened at C$11.07 on Wednesday. Cardinal Energy has a 1 year low of C$6.95 and a 1 year high of C$13.38. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.69 and a quick ratio of 0.67. The business’s 50-day moving average price is C$11.28 and its two-hundred day moving average price is C$10.76. The company has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 184.50, a P/E/G ratio of -0.26 and a beta of 0.20.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. The company had revenue of C$193.44 million for the quarter. Equities analysts expect that Cardinal Energy will post 0.625118 EPS for the current fiscal year.

Insider Buying and Selling at Cardinal Energy

In related news, insider Kenneth Cory Lee Younger sold 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$12.64, for a total transaction of C$316,000.00. Following the sale, the insider owned 129,338 shares in the company, valued at approximately C$1,634,832.32. This trade represents a 16.20% decrease in their position. Company insiders own 23.38% of the company’s stock.

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.