Paramount Resources Ltd. (TSE:POU) Declares Monthly Dividend of $0.05

Key Points

• Paramount Resources Ltd. has declared a monthly dividend of $0.05 per share, with stockholders of record set to receive this on August 29th.
• The company has an annualized dividend yield of 2.9%, and the ex-dividend date is August 15th.
• Currently, Paramount Resources stocks are trading at C$20.37, down C$0.21 from the previous day, with a market capitalization of C$3.03 billion.

Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Friday, August 15th, TickerTech Dividends reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.05 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 15th.

Paramount Resources Price Performance

Shares of Paramount Resources stock remained flat at C$19.98 during trading on Monday. The company had a trading volume of 257,797 shares, compared to its average volume of 659,527. The business's 50-day simple moving average is C$21.35 and its 200 day simple moving average is C$19.86. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83. The firm has a market capitalization of C$2.97 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.14 and a beta of 3.04. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.