Trican Well Service Ltd T.TCW

Alternate Symbol(s): TOLWF

Energy Oil & Gas Equipment & Services

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company supplies oil and natural gas well servicing equipment and solutions to its customers through the drilling, completion and production cycles. Its services include hydraulic fracturing, cementing, acidizing, coiled tubing and technical solutions. Its cementing solutions combine equipment, quality cement blends and ongoing research and development. Cementing solutions include pre-flushes and spacers, surface cementing, intermediate cementing, liner cementing, cement plugs and others. The coiled tubing includes milling, coiled tubing fracturing, E-Coil and others. It provides equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Its milling services include fracturing plugs, fracturing ports, stage tool/debris sub and others.

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Trican Well Service Ltd

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Post by Betteryear2on Feb 21, 2024 7:04pm

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Post# 35892127

Dividend

On February 21, 2024, the Company's board of directors approved a dividend of $0.045 per share reflecting an increase of 12.5% from the previous quarterly dividend payment of $0.04 per share. The increase will offset the reduction in share count as a result of the Company's ongoing NCIB program to keep the annual expected dividend payout at approximately $36 million. The distribution is scheduled to be made on March 29, 2024 to shareholders of record as of the close of business on March 15, 2024.
The dividends are designated as eligible dividends for Canadian income tax purposes.

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