Paramount Resources Ltd. (OTCMKTS:PRMRF) Increases Dividend to $0.11 Per Share

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, September 14th, investing.com reports. Investors of record on Tuesday, September 17th will be given a dividend of 0.1112 per share on Friday, September 27th. This represents a yield of 7.05%. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Paramount Resources’s previous dividend of $0.11.

Paramount Resources Stock Performance

Paramount Resources stock traded down $0.02 during mid-day trading on Friday, reaching $18.89. The stock had a trading volume of 22,615 shares, compared to its average volume of 26,583. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.95. The stock’s 50-day simple moving average is $20.83 and its 200-day simple moving average is $21.67. The firm has a market capitalization of $2.77 billion, a PE ratio of 11.11 and a beta of 2.55.

Paramount Resources (OTCMKTS:PRMRF) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.42 EPS for the quarter. Paramount Resources had a return on equity of 9.90% and a net margin of 19.56%. The firm had revenue of $324.22 million during the quarter.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.