InPlay Oil Corp. (OTCMKTS:IPOOF) Raises Dividend to $0.07 Per Share

InPlay Oil Corp. (OTCMKTS:IPOOF - Get Free Report) announced a dividend on Saturday, June 14th, investing.com reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.0655 per share on Monday, June 30th. This represents a yield of 10.54%. The ex-dividend date is Monday, June 16th. This is a 524.4% increase from InPlay Oil's previous dividend of $0.01.

InPlay Oil Price Performance

Shares of IPOOF traded up $0.31 during trading hours on Tuesday, reaching $7.50. 37,266 shares of the company's stock traded hands, compared to its average volume of 14,558. The firm's 50 day simple moving average is $5.16 and its 200-day simple moving average is $2.55. The stock has a market cap of $209.54 million, a PE ratio of 53.57 and a beta of 0.91. InPlay Oil has a 12 month low of $4.72 and a 12 month high of $10.08. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.19.

InPlay Oil (OTCMKTS:IPOOF - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. InPlay Oil had a net margin of 11.66% and a return on equity of 6.39%. The business had revenue of $27.82 million for the quarter, compared to analysts' expectations of $38.59 million. Equities analysts expect that InPlay Oil will post 0.08 EPS for the current year.

About InPlay Oil

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.