Cardinal Energy Ltd (CJ) Announces Monthly Dividend of $0.04

Cardinal Energy Ltd (TSE:CJ) announced a monthly dividend on Friday, May 26th, TickerTech reports. Stockholders of record on Thursday, June 15th will be given a dividend of 0.035 per share on Thursday, June 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date is Friday, May 26th.

Cardinal Energy (CJ) traded up 2.75% during midday trading on Friday, hitting $4.85. 446,304 shares of the stock were exchanged. The firm’s market capitalization is $384.48 million. The firm’s 50-day moving average price is $5.89 and its 200 day moving average price is $7.85. Cardinal Energy has a 1-year low of $4.66 and a 1-year high of $10.81.

Dividend History for Cardinal Energy (TSE:CJ)

A number of research firms have weighed in on CJ. BMO Capital Markets cut their price objective on shares of Cardinal Energy from C$13.00 to C$11.00 in a research report on Tuesday, March 14th. Instinet reiterated a “buy” rating on shares of Cardinal Energy in a research report on Thursday, April 20th. Nomura initiated coverage on shares of Cardinal Energy in a report on Thursday, April 20th. They issued a “buy” rating on the stock. Scotiabank cut their price target on shares of Cardinal Energy from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a report on Tuesday, March 14th. Finally, TD Securities restated a “buy” rating and issued a C$10.50 price target on shares of Cardinal Energy in a report on Tuesday, March 14th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$9.84.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

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