Paramount Resources Ltd. (TSE:POU) Stock to Pay Monthly Dividend of $0.05

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.05 per share on Friday, October 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 15th.

Paramount Resources Price Performance

Shares of POU stock opened at C$32.10 on Tuesday. Paramount Resources has a 12-month low of C$21.69 and a 12-month high of C$33.44. The firm has a market capitalization of C$4.68 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 0.14 and a beta of -0.16. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of C$31.26 and a 200-day moving average of C$29.96.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$317.90 million during the quarter. Paramount Resources had a net margin of 11.19% and a return on equity of 4.30%. On average, equities research analysts forecast that Paramount Resources will post 1.41 earnings per share for the current year.

About Paramount Resources

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.