Alvopetro Energy Ltd. Announces 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 - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Investors 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 yield of 5.9%.

Alvopetro Energy Stock Up 2.2%

Alvopetro Energy stock traded up C$0.15 during midday trading on Friday, hitting C$6.83. 7,078 shares of the stock were exchanged, compared to its average volume of 18,189. Alvopetro Energy has a 1 year low of C$4.24 and a 1 year high of C$7.49. The firm has a market cap of C$250.32 million, a P/E ratio of 11.58 and a beta of -0.93. The company has a debt-to-equity ratio of 9.27, a current ratio of 2.10 and a quick ratio of 1.95. The company has a 50 day moving average price of C$6.09 and a two-hundred day moving average price of C$5.69.

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.