ARC Resources Ltd. Announces Quarterly Dividend of $0.21 (TSE:ARX)

ARC Resources Ltd. (TSE:ARX) announced a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.21 per share by the oil and gas exploration company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

ARC Resources Stock Up 1.5%

ARX stock opened at C$29.39 on Friday. ARC Resources has a one year low of C$21.14 and a one year high of C$31.56. The firm has a market cap of C$17.09 billion, a PE ratio of 13.42, a PEG ratio of 0.29 and a beta of -0.06. The firm’s 50 day moving average price is C$25.89 and its 200-day moving average price is C$25.48. The company has a debt-to-equity ratio of 58.50, a quick ratio of 0.42 and a current ratio of 0.70.

ARC Resources (TSE:ARX) last issued its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported C$0.46 earnings per share for the quarter. The company had revenue of C$1.58 billion during the quarter. ARC Resources had a return on equity of 15.52% and a net margin of 20.99%. On average, equities research analysts anticipate that ARC Resources will post 2.7255139 EPS for the current year.

ARC Resources Company Profile

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.