Cardinal Energy Ltd. (TSE:CJ) Shareholders to Receive $0.06 Monthly Dividend

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, October 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.06 per share on Monday, November 16th. This represents a $0.72 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, October 30th.

Cardinal Energy Trading Down 1.6%

TSE:CJ opened at C$13.40 on Wednesday. The stock has a market cap of C$2.36 billion, a price-to-earnings ratio of 38.29, a PEG ratio of -0.26 and a beta of 0.24. Cardinal Energy has a 52 week low of C$7.70 and a 52 week high of C$13.69. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 13.97. The company’s 50 day moving average price is C$12.44 and its 200-day moving average price is C$11.23.

Cardinal Energy (TSE:CJ) last released its earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$193.44 million during the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%. On average, equities research analysts forecast that Cardinal Energy will post 0.63 earnings per share for the current fiscal year.

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.