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

ARC Resources Ltd. (OTCMKTS:AETUF) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 4.04%. This is a 313.0% increase from ARC Resources’s previous quarterly dividend of $0.05.

ARC Resources Trading Up 2.4 %

OTCMKTS AETUF opened at $18.83 on Tuesday. ARC Resources has a 1-year low of $14.89 and a 1-year high of $19.64. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $17.80. The firm has a market cap of $11.11 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.00.

ARC Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share 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, sell-side analysts forecast that ARC Resources will post 2.23 EPS for the current year.

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.