Peyto Exploration & Development Corp (PEY) Plans $0.11 Monthly Dividend

Peyto Exploration & Development Corp (TSE:PEY) declared a monthly dividend on Monday, September 18th, Zacks reports. Shareholders of record on Saturday, September 30th will be paid a dividend of 0.11 per share on Friday, October 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, September 28th.

Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 20.62 on Tuesday. The firm has a market cap of $3.40 billion and a PE ratio of 24.03. Peyto Exploration & Development Corp has a 12-month low of $19.55 and a 12-month high of $38.71. The company has a 50 day moving average price of $20.43 and a 200 day moving average price of $24.01.

A number of research firms recently issued reports on PEY. Scotiabank reaffirmed an “outperform” rating and issued a C$36.00 target price on shares of Peyto Exploration & Development Corp in a research note on Tuesday, July 4th. Barclays PLC reduced their target price on Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a research note on Monday, July 24th. Royal Bank Of Canada reduced their target price on Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a research note on Thursday, July 20th. Finally, National Bank Financial set a C$29.00 target price on Peyto Exploration & Development Corp in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$34.59.

In related news, Director Stephen Jonathan Chetner sold 9,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$19.95, for a total value of C$189,525.00.

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About Peyto Exploration & Development Corp

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Dividend History for Peyto Exploration & Development Corp (TSE:PEY)

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