|Bid||5.0000 x 0|
|Ask||5.0000 x 0|
|Day's Range||4.7100 - 5.2700|
|52 Week Range||2.4200 - 9.6100|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2020|
|Forward Dividend & Yield||0.24 (4.85%)|
|Ex-Dividend Date||Mar. 29, 2020|
|1y Target Est||7.29|
Several oil and gas stocks have announced dividend cuts, and this week saw the first Canadian Dividend Aristocrat lose its status.The post Dividend Cuts: Income Stocks Are Casualties of the Stock Market Crash of 2020 appeared first on The Motley Fool Canada.
Even if it's not a huge purchase, we think it was good to see that Terry Anderson, the Chief Executive Officer of ARC...
CALGARY , March 16, 2020 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms a monthly dividend amount of $0.02 per share for April 15, 2020 to shareholders of record on March 31, 2020 . ...
The parade of Canadian energy companies tightening their spending belts to cope with a global oil price rout that shows little sign of abating will be followed by a wave of survival-driven M&A activity.
CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets.The oil and gas producer says it has reduced its capital budget for this year to no more than $300 million compared with an earlier plan to spend $500 million.ARC also says it will start paying a quarterly dividend of six cents per share instead of a monthly dividend of five cents per share.The majority of the capital spending that is being deferred in 2020 relates to drilling and completions activities in the greater Dawson and Ante Creek areas.The company says that while the reduced capital program does reduce its 2020 production guidance modestly, the deferred drilling and completions are expected to have a larger impact on production in 2021.ARC says the changes are consistent with its long-term strategy of maintaining a strong balance sheet, delivering a meaningful and sustainable dividend and investing in profitable growth.This report by The Canadian Press was first published March 13, 2020.Companies in this story: (TSX:ARX) The Canadian Press
CALGARY , March 13, 2020 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") announces that its board of directors (the "Board") has approved actions to right-size the Company's 2020 capital budget and dividend. The 2020 capital budget has been reduced from $500 million to no more than $300 million , and ARC has reduced its monthly dividend from $0.05 per share to $0.02 per share. After the payment of the March dividend, ARC intends to change to a quarterly dividend of $0.06 per share compared to its previous monthly dividend of $0.05 per share.
TORONTO , March 12, 2020 /CNW/ - The following issues have been halted by IIROC: Company: ARC Resources Ltd. TSX Symbol: ARX Reason: Single-Stock Circuit Breaker Halt Time (ET): 9:31:28 AM IIROC can make ...
Oil Stocks are under pressure and Vermilion Energy's (TSX:VET)(NYSE:VET) dividend cut is just the beginning. The post Oil Stocks: Expect More Dividend Cuts appeared first on The Motley Fool Canada.
CALGARY, Feb. 20, 2020 /CNW/ - (ARX - TSX) The Board of Directors (the "Board") of ARC Resources Ltd. ("ARC", the "Corporation", or the "Company") is pleased to announce the appointment of Terry Anderson to the role of Chief Executive Officer, effective today. Myron Stadnyk will continue to serve as President and Director of the Corporation until his retirement on April 30, 2020. Terry Anderson has served as ARC's Chief Operating Officer over the past five years; prior to this, he successfully led ARC's engineering, production, and operating teams during his 20 years with the Company.
ARC Resources Ltd. Reports Fourth Quarter and Year-end 2019 Financial and Operational Results and Year-end 2019 Reserves Results
CALGARY , Jan. 23, 2020 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") has amended the payment date for its monthly dividend of $0.05 per share from February 17, 2020 to February 14, 2020 . The ...