ARC Resources Ltd. (AETUF) to Issue Dividend of $0.13 on January 15th

ARC Resources Ltd. (OTCMKTS:AETUF) announced a dividend on Tuesday, December 24th,investing.com reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.1335 per share by the energy company on Wednesday, January 15th. This represents a yield of 3.05%. The ex-dividend date is Tuesday, December 31st. This is a boost from ARC Resources’s previous dividend of $0.13.

ARC Resources Stock Down 0.7 %

AETUF stock opened at $17.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. ARC Resources has a 52-week low of $14.58 and a 52-week high of $19.64. The company has a 50-day moving average of $17.62 and a two-hundred day moving average of $17.56. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 11.38 and a beta of 1.12.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Wednesday, November 6th. The energy company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.13. ARC Resources had a net margin of 26.33% and a return on equity of 16.60%. The business had revenue of $682.78 million during the quarter, compared to analysts’ expectations of $622.55 million. As a group, equities research analysts anticipate that ARC Resources will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of ARC Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

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.