Alvopetro Energy Ltd. (OTCMKTS:ALVOF) to Issue $0.10 Quarterly Dividend

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) declared a quarterly dividend on Tuesday, March 18th, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.10 per share on Tuesday, April 15th. This represents a $0.40 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date is Monday, March 31st.

Alvopetro Energy Trading Up 0.3 %

ALVOF stock opened at $3.60 on Friday. The business has a fifty day moving average of $3.43 and a 200-day moving average of $3.52. The company has a market cap of $131.19 million, a P/E ratio of 9.23 and a beta of 0.09. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $4.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.06). The firm had revenue of $10.21 million for the quarter, compared to the consensus estimate of $15.49 million. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.