Meren Energy Inc. Announces Quarterly Dividend of $0.04 (TSE:MER)

Meren Energy Inc. (TSE:MER) announced a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Shareholders of record on Friday, September 4th will be given a dividend of 0.0371 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, August 20th.

Meren Energy Stock Down 0.4%

Shares of MER stock opened at C$2.26 on Tuesday. The company has a 50 day moving average of C$2.04. Meren Energy has a twelve month low of C$1.67 and a twelve month high of C$2.58. The stock has a market cap of C$1.53 billion, a P/E ratio of -14.12 and a beta of 0.23.

Meren Energy (TSE:MER) last released its earnings results on Tuesday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$279.47 million during the quarter.

Meren Energy Company Profile

Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.