Paramount Resources Ltd. (OTCMKTS:PRMRF) Plans Dividend of $0.11

Paramount Resources Ltd. (OTCMKTS:PRMRF) declared a dividend on Thursday, October 3rd, investing.com reports. Investors of record on Wednesday, October 16th will be given a dividend of 0.111 per share on Thursday, October 31st. This represents a yield of 6.63%. The ex-dividend date is Tuesday, October 15th.

Paramount Resources Stock Performance

PRMRF opened at $20.27 on Monday. The firm has a market cap of $2.97 billion, a P/E ratio of 11.92 and a beta of 2.54. The firm has a 50-day moving average of $19.85 and a 200 day moving average of $21.55. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.95.

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

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.