Tourmaline Oil Corp. (OTCMKTS:TRMLF) Plans Dividend Increase - $0.36 Per Share

Key Points

• Tourmaline Oil Corp. announced a dividend increase to $0.36 per share, which is a 42.9% rise from its previous dividend of $0.25.
• The dividend yield for this payout is a remarkable 344.0%, with the record date set for September 16th and payment scheduled for September 29th.
• In its latest earnings report, Tourmaline Oil achieved $0.98 earnings per share, exceeding the consensus estimate by $0.32.

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) declared a dividend on Thursday, September 11th, investing.com reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.362 per share on Monday, September 29th. This represents a dividend yield of 344.0%. The ex-dividend date is Monday, September 15th. This is a 42.9% increase from Tourmaline Oil's previous dividend of $0.25.

Tourmaline Oil Price Performance

Tourmaline Oil stock opened at $42.12 on Thursday. The stock has a market capitalization of $16.29 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.59 and a beta of -0.33. The company's fifty day moving average price is $43.33 and its 200 day moving average price is $45.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.67 and a current ratio of 0.67. Tourmaline Oil has a 1 year low of $38.85 and a 1 year high of $50.01.

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.32. Tourmaline Oil had a net margin of 23.53% and a return on equity of 9.90%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities research analysts anticipate that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.

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