Alvopetro Energy Ltd. to Issue Quarterly Dividend of $0.10 (CVE:ALV)

Key Points

• Alvopetro Energy Ltd. announced a quarterly dividend of $0.10 per share, with payments to stockholders of record on September 30th scheduled for October 15th, representing an annualized yield of 5.9%.
• The company's stock increased by C$0.11 to C$6.83, with a market capitalization of C$250.32 million and a P/E ratio of 11.58.
• Alvopetro operates as an independent upstream and midstream operator, focusing on the acquisition and production of hydrocarbons in Brazil.

Alvopetro Energy Ltd. (CVE:ALV - ) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.10 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.9%.

Alvopetro Energy Trading Up 1.6%

ALV traded up C$0.11 during trading on Monday, hitting C$6.83. The company's stock had a trading volume of 9,251 shares, compared to its average volume of 18,400. Alvopetro Energy has a twelve month low of C$4.24 and a twelve month high of C$7.49. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 9.27. The stock's fifty day moving average price is C$5.99 and its 200-day moving average price is C$5.63. The firm has a market capitalization of C$250.32 million, a P/E ratio of 11.58 and a beta of -0.93.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.

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