Paramount Resources Ltd. (PRMRF) to Issue Dividend of $0.11 on October 31st

by · The Markets Daily

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

Paramount Resources Stock Performance

Shares of OTCMKTS PRMRF opened at $20.61 on Friday. The firm’s 50 day moving average price is $19.91 and its 200-day moving average price is $21.52. Paramount Resources has a 52-week low of $18.00 and a 52-week high of $24.95. The company has a market cap of $3.03 billion, a PE ratio of 12.12 and a beta of 2.55.

Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last issued its earnings results 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 business had revenue of $324.22 million for the quarter.

About Paramount Resources

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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.

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