RE:Mike Insider Buy Again Tourmaline Oil Corp.
Between Nov. 3-7, founder, chairman, president and chief executive officer Mike Rose acquired a total of 17,500 shares at an average price per share of roughly $71.54 for two accounts, after which one account held 8,703,872 shares and a different account held 460,000 shares. The cost of these investments totaled over $1.2 million.
Management recently announced a 7.7-per-cent dividend hike, raising its quarterly dividend to 28 cents per share from 26 cents per share, which will take effect with the December payment.
Year-to-date, the company has paid four special dividends to its shareholders. In February, the company paid a special dividend of $2 per share, $1.50 in May, $1 in August and $1 in November.