Beach Energy Limited (OTCMKTS:BCHEY) Announces Dividend of $0.38

Beach Energy Limited (OTCMKTS:BCHEY) announced a dividend on Monday, February 10th,NASDAQ Dividends reports. Investors 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 an increase from Beach Energy’s previous dividend of $0.21.

Beach Energy Stock Performance

Shares of BCHEY remained flat at $15.95 during midday trading on Tuesday. Beach Energy has a fifty-two week low of $14.55 and a fifty-two week high of $23.01. The stock has a 50-day moving average price of $15.95 and a 200-day moving average price of $17.00.

Wall Street Analyst Weigh In

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

About Beach Energy

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.