Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Declares Dividend Increase – $0.08 Per Share

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) announced a dividend on Wednesday, April 23rd, investing.com reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.0791 per share on Thursday, May 15th. This represents a dividend yield of 7.31%. The ex-dividend date is Wednesday, April 30th. This is a 3.4% increase from Peyto Exploration & Development’s previous dividend of $0.08.

Peyto Exploration & Development Price Performance

Shares of OTCMKTS:PEYUF opened at $12.91 on Friday. The company’s 50-day moving average price is $11.83 and its two-hundred day moving average price is $11.52. Peyto Exploration & Development has a one year low of $7.88 and a one year high of $13.17.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised shares of Peyto Exploration & Development to an “outperform” rating in a research note on Monday, March 24th.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.