Peyto Exploration & Development Corp. (PEYUF) to Issue Dividend of $0.08 on December 15th

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) announced a dividend on Wednesday, November 26th, investing.com reports. Shareholders of record on Monday, December 1st will be paid a dividend of 0.0784 per share on Monday, December 15th. This represents a yield of 604.0%. The ex-dividend date of this dividend is Friday, November 28th.

Peyto Exploration & Development Price Performance

PEYUF stock traded up $0.12 during midday trading on Wednesday, hitting $15.71. 29,159 shares of the company’s stock were exchanged, compared to its average volume of 91,042. The firm has a 50 day moving average price of $14.28 and a 200-day moving average price of $14.04. Peyto Exploration & Development has a 12-month low of $10.00 and a 12-month high of $16.10.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEYUF. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a report on Friday, November 14th. Desjardins raised shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy”.

Peyto Exploration & Development Company Profile

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.