Pengrowth Energy Corp (PGF) Announces Quarterly Dividend of $0.04

Pengrowth Energy Corp (TSE:PGF) announced a quarterly dividend on Thursday, June 13th, StockRatingsNetwork.com reports. Stockholders of record on Monday, June 24th will be paid a dividend of $0.04 per share on Monday, July 15th. This represents a $0.16 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, June 20th.

PGF has been the subject of a number of recent research reports. Analysts at Salman Partners downgraded shares of Pengrowth Energy Corp from a “buy” rating to a “hold” rating in a research note to investors on Friday, May 3rd. On a related note, analysts at CIBC cut their price target on shares of Pengrowth Energy Corp from C$5.25 to C$5.00 in a research note to investors on Friday, May 3rd. They now have an “underperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Pengrowth Energy Corp from C$7.50 to C$7.00 in a research note to investors on Wednesday, April 17th. They now have a “buy” rating on the stock.

One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$6.33.

Pengrowth Energy Corp (TSE: PGF) opened at 5.15 on Friday. Pengrowth Energy Corp has a 1-year low of $3.93 and a 1-year high of $7.39. The stock’s 50-day moving average is currently $5.18.

Pengrowth Energy Corporation (TSE: PGF) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia.

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