ARC Resources Ltd. (OTCMKTS:AETUF) Increases Dividend to $0.13 Per Share

ARC Resources Ltd. (OTCMKTS:AETUF) announced a dividend on Saturday, September 21st, investing.com reports. Shareholders 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 yield of 2.96%. The ex-dividend date is Friday, September 27th. This is an increase from ARC Resources’s previous dividend of $0.12.

ARC Resources Stock Down 0.4 %

Shares of AETUF opened at $16.90 on Friday. The company has a market capitalization of $10.10 billion, a P/E ratio of 11.42 and a beta of 1.13. ARC Resources has a one year low of $13.55 and a one year high of $19.28. The business’s 50 day simple moving average is $17.45 and its 200-day simple moving average is $17.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88.

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

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.