Tourmaline Oil Corp. (OTCMKTS:TRMLF) Declares Dividend Increase – $0.36 Per Share

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Friday, May 3rd, investing.com reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.3632 per share on Thursday, May 16th. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a positive change from Tourmaline Oil’s previous dividend of $0.22.

Tourmaline Oil Stock Down 1.0 %

OTCMKTS:TRMLF opened at $47.30 on Monday. The firm has a market capitalization of $16.63 billion and a price-to-earnings ratio of 12.82. Tourmaline Oil has a 1-year low of $39.39 and a 1-year high of $53.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $46.62 and its 200 day moving average price is $46.34.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.47 earnings per share for the quarter. The firm had revenue of $1.22 billion for the quarter. Tourmaline Oil had a return on equity of 12.86% and a net margin of 28.95%.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.