InPlay Oil Corp. to Issue Monthly Dividend of $0.09 (TSE:IPO)

InPlay Oil Corp. (TSE:IPO - Get Free Report) announced a monthly dividend on Tuesday, July 15th, TickerTech Dividends reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.09 per share on Thursday, July 31st. This represents a $1.08 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date of this dividend is Tuesday, July 15th.

InPlay Oil Stock Performance

Shares of IPO traded up C$0.26 during mid-day trading on Friday, hitting C$9.66. The company's stock had a trading volume of 66,079 shares, compared to its average volume of 53,929. InPlay Oil has a one year low of C$6.54 and a one year high of C$13.80. 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 firm has a market capitalization of C$868.02 million, a PE ratio of 46.12 and a beta of 2.37. The stock's 50-day moving average is C$8.90 and its two-hundred day moving average is C$4.63.

Wall Street Analysts Forecast Growth

Separately, ATB Capital set a C$13.00 price objective on InPlay Oil and gave the company an "outperform" rating in a research report on Thursday, June 5th.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta.