Gulf Keystone Petroleum Limited (LON:GKP) to Issue Dividend Increase – $0.09 Per Share

Gulf Keystone Petroleum Limited (LON:GKP) announced a dividend on Tuesday, October 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 17th will be given a dividend of $0.09 per share by the oil production company on Thursday, October 31st. This represents a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.07. The official announcement can be seen at this link.

Gulf Keystone Petroleum Price Performance

Shares of GKP stock opened at GBX 135.20 ($1.77) on Tuesday. The firm’s 50 day moving average price is GBX 121.90 and its two-hundred day moving average price is GBX 126.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. Gulf Keystone Petroleum has a 52-week low of GBX 88.75 ($1.16) and a 52-week high of GBX 155.94 ($2.04). The stock has a market cap of £293.13 million, a PE ratio of -4,236.67, a PEG ratio of 0.06 and a beta of 1.22.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.