Dividend increase 30%
Dividend Increase. The Board of Directors has approved an increase to the monthly dividend to $0.0225 per common share from $0.01625 per common share which equates to an annual dividend of $0.27 per common share. The increase will take effect beginning with the October dividend payable in November. Inclusive of the dividend increase, Whitecap expects to be able to fully fund its 2022 capital program and dividend with funds flow down to approximately US$40/bbl WTI and at US$70/bbl WTI the dividend represents only 12% of 2022 funds flow, highlighting the sustainability of the increased dividend level.