Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) rose 4.7% during mid-day trading on Monday . The company traded as high as $0.95 and last traded at $0.90. Approximately 1,100 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 2,000 shares. The stock had previously closed at $0.86.
Beach Energy Price Performance
The firm has a 50 day moving average of $0.89 and a 200-day moving average of $0.85.
Beach Energy Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.03 per share. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Beach Energy’s previous dividend of $0.02. Beach Energy’s dividend payout ratio is 38.51%.
About Beach Energy
Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.
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