ARC Resources Ltd. (OTCMKTS:AETUF) Plans Dividend Increase – $0.13 Per Share

ARC Resources Ltd. (OTCMKTS:AETUF) announced a dividend on Saturday, September 21st, investing.com reports. Investors of record on Monday, September 30th will be paid a dividend of 0.1251 per share by the energy company on Tuesday, October 15th. This represents a dividend yield of 2.96%. The ex-dividend date is Friday, September 27th. This is a positive change from ARC Resources’s previous dividend of $0.12.

ARC Resources Trading Down 2.4 %

Shares of AETUF opened at $16.67 on Thursday. ARC Resources has a twelve month low of $13.55 and a twelve month high of $19.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $9.96 billion, a P/E ratio of 11.26 and a beta of 1.13. The firm’s 50-day moving average is $17.42 and its two-hundred day moving average is $17.87.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.29 earnings per share for the quarter. The business had revenue of $842.85 million for the quarter. ARC Resources had a return on equity of 15.68% and a net margin of 22.19%.

About ARC Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.