Strathcona Resources Ltd. (TSE:SCR) Declares $0.30 Quarterly Dividend

Key Points

• Strathcona Resources Ltd. announced a quarterly dividend of $0.30 per share, with payment scheduled for September 22nd for shareholders of record as of September 12th.
• The company's stock opened at C$34.02 and has a market capitalization of C$7.28 billion, with a P/E ratio of 19.62.
• Strathcona Resources operates primarily in thermal oil and enhanced oil recovery, with significant operations in Lloydminster, Cold Lake, and Montney.

Strathcona Resources Ltd. (TSE:SCR - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.30 per share on Monday, September 22nd. This represents a c) annualized dividend and a yield of 3.5%.

Strathcona Resources Stock Down 0.1%

Shares of SCR stock opened at C$34.02 on Friday. The firm has a market capitalization of C$7.28 billion and a P/E ratio of 19.62. The firm's fifty day moving average price is C$31.63 and its two-hundred day moving average price is C$28.64. Strathcona Resources has a 1 year low of C$22.75 and a 1 year high of C$35.29. The company has a current ratio of 0.53, a quick ratio of 11.09 and a debt-to-equity ratio of 56.06.

About Strathcona Resources

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan.

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