InPlay Oil Corp. (TSE:IPO) Declares Dividend Increase - $0.09 Per Share

InPlay Oil Corp. (TSE:IPO - Get Free Report) declared a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.09 per share on Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 500.0% increase from InPlay Oil's previous monthly dividend of $0.02.

InPlay Oil Price Performance

Shares of IPO traded up C$0.04 during mid-day trading on Friday, hitting C$8.09. 44,612 shares of the company were exchanged, compared to its average volume of 39,891. InPlay Oil has a 1-year low of C$6.54 and a 1-year high of C$14.10. The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61. The company has a 50 day moving average of C$4.13 and a 200-day moving average of C$2.55. The stock has a market cap of C$726.95 million, a price-to-earnings ratio of 38.62 and a beta of 2.37.

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.