ARC Resources Ltd. (OTCMKTS:AETUF) Plans Dividend Increase – $0.19 Per Share

ARC Resources Ltd. (OTCMKTS:AETUF) declared a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.19 per share by the energy company on Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.03%. This is a 313.0% increase from ARC Resources’s previous quarterly dividend of $0.05.

ARC Resources Price Performance

OTCMKTS AETUF opened at $18.86 on Wednesday. The stock’s fifty day moving average price is $18.30 and its 200 day moving average price is $17.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.12. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.89 and a beta of 1.00. ARC Resources has a 1 year low of $14.89 and a 1 year high of $19.64.

ARC Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, equities research analysts forecast that ARC Resources will post 2.23 earnings per share for the current year.

ARC Resources Company Profile

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.