Topaz Energy Corp. (TSE:TPZ) Declares Quarterly Dividend of $0.34

Topaz Energy Corp. (TSE:TPZ - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.34 per share on Monday, June 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, June 13th. This is a 3.0% increase from Topaz Energy's previous quarterly dividend of $0.33.

Topaz Energy Stock Up 0.8%

Shares of TSE:TPZ traded up C$0.20 during midday trading on Friday, hitting C$26.47. The stock had a trading volume of 528,810 shares, compared to its average volume of 370,476. Topaz Energy has a 12 month low of C$21.00 and a 12 month high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45. The business's 50-day simple moving average is C$24.35 and its 200-day simple moving average is C$25.26. The company has a market cap of C$4.05 billion, a P/E ratio of 62.15 and a beta of 0.50.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TPZ. Desjardins lowered their target price on shares of Topaz Energy from C$32.00 to C$29.50 and set a "buy" rating on the stock in a report on Wednesday, March 19th. CIBC lowered their target price on shares of Topaz Energy from C$32.00 to C$30.00 in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$31.64.

About Topaz Energy

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.