Pine Cliff Energy Ltd. (TSE:PNE) to Issue $0.00 Sep 25 Dividend

Key Points

• Pine Cliff Energy Ltd. has announced a dividend of $0.0013 per share, which will be distributed on September 29th to investors of record as of September 29th.
• The dividend yield is notably high at 254.0%, with the ex-dividend date also set for September 15th.
• Currently, Pine Cliff Energy's stock is trading at C$0.62, with a 1-year price range between C$0.51 and C$1.06.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a sep 25 dividend on Monday, September 15th, RTT News reports. Investors of record on Monday, September 29th will be given a dividend of 0.0013 per share on Monday, September 29th. This represents a dividend yield of 254.0%. The ex-dividend date of this dividend is Monday, September 15th.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock remained flat at C$0.62 during mid-day trading on Friday. 70,173 shares of the company's stock were exchanged, compared to its average volume of 189,862. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. Pine Cliff Energy has a 1 year low of C$0.51 and a 1 year high of C$1.06. The firm's fifty day moving average is C$0.65 and its 200 day moving average is C$0.64. The company has a market capitalization of C$222.45 million, a price-to-earnings ratio of -10.33 and a beta of -0.22.

About Pine Cliff Energy

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.

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