Alvopetro Energy Ltd. to Issue Quarterly Dividend of $0.09 (OTCMKTS:ALVOF)

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) announced a quarterly dividend on Monday, September 16th, NASDAQ reports. Investors of record on Monday, September 30th will be given a dividend of 0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date is Friday, September 27th.

Alvopetro Energy Price Performance

Shares of ALVOF stock opened at $3.85 on Thursday. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $6.78. The stock has a market cap of $140.95 million, a price-to-earnings ratio of 7.00 and a beta of 0.19. The firm’s 50-day moving average is $3.66 and its 200-day moving average is $3.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.38.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $10.67 million during the quarter. Alvopetro Energy had a return on equity of 25.22% and a net margin of 26.72%.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It 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.