Beach Energy Limited (OTCMKTS:BCHEY) Raises Dividend to $0.38 Per Share

Beach Energy Limited (OTCMKTS:BCHEY) announced a dividend on Monday, February 10th,NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.3769 per share on Tuesday, April 15th. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Beach Energy’s previous dividend of $0.21.

Beach Energy Price Performance

Shares of OTCMKTS BCHEY remained flat at $15.95 during mid-day trading on Tuesday. Beach Energy has a fifty-two week low of $14.55 and a fifty-two week high of $23.01. The firm’s 50 day moving average price is $15.95 and its 200 day moving average price is $17.00.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Beach Energy from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, January 15th.

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.