RE:Dividend is backWell, half the dividend is back. This is what doubling the number of shares and doing a reverse split can do to add value for shareholders. A few years ago (pre-Covid), Surge paid an annual dividend of $0.10/share. WTI was trading around $60. Now they've announced a $0.42 annual dividend in "new" Surge shares, which are the equivalent of 8.5 shares of the "old" shares. All-in-all, they will be paying a pre-consolidation dividend of $0.05/share with WTI up around $100.
Daytrader1959 wrote: Love the dividend is back bought this stock at $3.45 so with the duvidebd its a win win all the way around. So sividend is the big cherry on top!