Tourmaline Oil Corp. (TRMLF) To Go Ex-Dividend on May 8th

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

Tourmaline Oil Stock Down 1.0 %

Shares of OTCMKTS:TRMLF opened at $47.30 on Monday. The stock’s 50-day moving average price is $46.62 and its two-hundred day moving average price is $46.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. Tourmaline Oil has a 12-month low of $39.39 and a 12-month high of $53.91. The firm has a market cap of $16.63 billion and a price-to-earnings ratio of 12.82.

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

Tourmaline Oil Company Profile

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.