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Birchcliff Energy Ltd. (OTCMKTS:BIREF) Plans Dividend Increase - $0.02 Per Share

Birchcliff Energy logo with Energy background

Key Points

  • Birchcliff Energy Ltd. has announced a dividend increase to $0.0218 per share, representing a 1.4% rise from its previous dividend of $0.02.
  • The ex-dividend date is set for September 15th, with shareholders of record on September 16th receiving the payment on September 29th.
  • Despite the positive dividend news, the company reported a loss of ($0.04) earnings per share for the last quarter, missing analysts' expectations by ($0.12).
  • Five stocks to consider instead of Birchcliff Energy.

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) announced a dividend on Thursday, September 11th, investing.com reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.0218 per share on Monday, September 29th. This represents a dividend yield of 197.0%. The ex-dividend date is Monday, September 15th. This is a 1.4% increase from Birchcliff Energy's previous dividend of $0.02.

Birchcliff Energy Stock Performance

OTCMKTS:BIREF opened at $4.43 on Thursday. The stock has a market cap of $1.21 billion, a P/E ratio of 23.32 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average is $4.76 and its 200-day moving average is $4.61. Birchcliff Energy has a 1-year low of $3.15 and a 1-year high of $5.71.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Birchcliff Energy had a net margin of 11.60% and a return on equity of 3.33%. The business had revenue of $123.78 million during the quarter, compared to the consensus estimate of $131.37 million.

Birchcliff Energy Company Profile

(Get Free Report)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.

Further Reading

Dividend History for Birchcliff Energy (OTCMKTS:BIREF)

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