Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report)’s share price rose 2% during trading on Monday . The company traded as high as $5.03 and last traded at $5.02. Approximately 27,339 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 37,058 shares. The stock had previously closed at $4.92.
Cardinal Energy Stock Performance
The company has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $4.98.
Cardinal Energy Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.044 per share. The ex-dividend date is Wednesday, July 31st. This is a boost from Cardinal Energy’s previous dividend of $0.04. This represents a yield of 10.33%. Cardinal Energy’s dividend payout ratio is currently 8.93%.
About Cardinal Energy
Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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