Arc Resources Ltd. (OTCMKTS:AETUF) Declares Dividend of $0.14

Key Points

• Arc Resources Ltd. has declared a dividend of $0.14 per share, with an impressive yield of 306.0%, to be paid on October 15th to investors of record from September 30th.
• The company's market cap stands at $10.45 billion, with a price-to-earnings ratio of 9.87 and a robust return on equity of 18.83% reported in its last quarterly earnings.
• Arc Resources primarily focuses on crude oil and natural gas exploration in Canada, with significant operations located in the Montney basin region of Alberta and British Columbia.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) announced a dividend on Saturday, September 20th, investing.com reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.1376 per share by the energy company on Wednesday, October 15th. This represents a yield of 306.0%. The ex-dividend date of this dividend is Monday, September 29th.

Arc Resources Price Performance

OTCMKTS AETUF traded up $0.73 during midday trading on Tuesday, hitting $18.87. The company had a trading volume of 36,281 shares, compared to its average volume of 50,056. The company has a market capitalization of $10.97 billion, a PE ratio of 10.37, a P/E/G ratio of 0.50 and a beta of 0.30. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $19.17 and a 200-day moving average price of $19.73. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. The firm had revenue of $801.14 million during the quarter, compared to analysts' expectations of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%. As a group, analysts anticipate that Arc Resources will post 2.23 earnings per share for the current fiscal year.

About Arc Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.