Cardinal Energy Ltd. (TSE:CJ) Declares Monthly Dividend of $0.06

Key Points

• C$0.06 monthly dividend declared with an ex-dividend date of April 30 and record/pay date of May 15, representing an annualized dividend yield of about 6.0%.
• Cardinal posted a quarterly loss of C($0.18) EPS, trades at a high P/E of 91.77 with a market cap of C$2.07 billion and a debt-to-equity ratio of 29.09, while operating conventional and SAGD oil projects and recently entering production at its Reford SAGD project in Saskatchewan.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Investors of record on Friday, May 15th will be given a dividend of 0.06 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, April 30th.

Cardinal Energy Price Performance

TSE:CJ opened at C$11.93 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 29.09. The company has a market capitalization of C$2.07 billion, a P/E ratio of 91.77, a P/E/G ratio of -0.26 and a beta of 0.16. Cardinal Energy has a 12 month low of C$5.48 and a 12 month high of C$12.03. The business's 50-day moving average is C$10.73 and its 200 day moving average is C$9.39.

Cardinal Energy (TSE:CJ - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$109.19 million during the quarter. Cardinal Energy had a return on equity of 2.35% and a net margin of 4.22%. On average, equities research analysts forecast that Cardinal Energy will post 0.625118 earnings per share for the current fiscal year.

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company's portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.

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