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AWE Limited shares bounce off 52-week low

The AWE Limited (ASX:AWE) share price has jumped 3 cents higher to 46 cents.

Although this is now 15% higher than its 52-week low of 40 cents, the AWE share price has fallen almost 50% over the past 12 months.

According to Google Finance, AWE Limited is an Australia-based energy company, which is focused on upstream oil and gas opportunities.

Earlier this year a research note out of Macquarie revealed that its analysts downgraded AWE Limited from a hold rating to a sell after lowering its oil and gas forecasts for the year.

A Big, Fat, Fully Franked Dividend

This company's dividend is almost the stuff of legends. Since it started paying dividends in 2007, it has increased its payout to shareholders every single year, a run that includes 21 consecutive dividend increases.

Based on the last 12-months of dividends, its shares are currently offering a fully-franked 4.8% yield, which grosses up to almost 7% when those franking credits are included. And in stark contrast to the likes of Commonwealth Bank and Telstra, this company just increased its dividend by over 13%, and guided for 2017 profits to grow by 20%!

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