Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) shot up 4.7% during mid-day trading on Monday . The company traded as high as $0.95 and last traded at $0.90. 1,100 shares changed hands during trading, a decline of 45% from the average session volume of 2,000 shares. The stock had previously closed at $0.86.
Beach Energy Stock Up 4.7 %
The company’s 50 day moving average price is $0.89 and its 200 day moving average price is $0.85.
Beach Energy Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Beach Energy’s previous dividend of $0.02. This represents a yield of 3.62%. Beach Energy’s payout ratio is 38.51%.
Beach Energy Company Profile
Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.
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