Birchcliff Energy Ltd. (OTCMKTS:BIREF) to Issue Dividend of $0.02

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).

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

Birchcliff Energy Stock Up 1.6%

BIREF stock traded up $0.07 during trading on Tuesday, reaching $4.33. 19,611 shares of the company traded hands, compared to its average volume of 78,726. Birchcliff Energy has a 12 month low of $3.15 and a 12 month high of $5.71. The business has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $4.63. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 22.79 and a beta of 0.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.47.

Birchcliff Energy (OTCMKTS:BIREF - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.04) 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 analysts' expectations of $131.37 million.

About Birchcliff Energy

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.