Birchcliff Energy Ltd T.BIR

New Press Release - Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share Dividend

CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.02 per common share for the quarter ending December 31, 2022. The dividend will...read article.

[seriousinvest]

I am disappointed that the dividend is only $.02. A number of energy companies are paying out much more generous sums.  Maybe I picked the wrong company to play high NG prices? What am I missing?

[Aldan007]

Not sure what you are referring to: We got a special dividend of 0.20 CAD on OCT 28 2022. BIR's plan is also to increase the dividend to 0.20 CAD per quarter = 0.80 CAD per year in 2023. "After the payment of Birchcliff’s targeted 2023 annual common share dividend of $0.80 per share ($0.20 per share quarterly), we are forecasting that we will have a cash surplus(4) of approximately $295

[revxm]

BIR has outpaced almost every other stock in the sector...was as low as 65 cents 2 years ago showing 1700% returns on that. BIR will pay an 8% div next year, so while its 1% is not attractive right now stock appreciation and new dividend make it well worth the purchase.