Paramount Resources Ltd. (OTCMKTS:PRMRF) Announces $0.11 Dividend

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, August 10th, investing.com reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.1084 per share on Friday, August 30th. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend is Thursday, August 15th.

Paramount Resources Price Performance

Shares of OTCMKTS PRMRF traded up $0.01 on Wednesday, hitting $20.37. The company’s stock had a trading volume of 9,719 shares, compared to its average volume of 18,459. Paramount Resources has a 12-month low of $18.19 and a 12-month high of $24.95. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.29 and a beta of 2.62. The stock has a 50 day moving average of $22.08 and a 200-day moving average of $21.66.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.