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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > SGY Declares reinstated dividend payable 07-15-22
View:
Post by zack50 on Jun 15, 2022 6:47pm

SGY Declares reinstated dividend payable 07-15-22

CALGARY, AB, June 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Board of Directors has approved the reinstatement of its monthly cash dividend, as part of the Company's previously announced integrated business strategy of returning capital to shareholders, plus production per share growth.

Accordingly, a cash dividend of $0.035 per share will be payable on July 15, 2022 in respect of June 2022 production, for the Surge shareholders of record on June 30, 2022.

 

Comment by red2000 on Jun 15, 2022 10:07pm
Nice start for a monthly dividend !!! Payback time !!!
Comment by brewster123 on Jun 17, 2022 8:32am
It is a nice 3.75% yield as they re-introduce their dividend.  I expect much more from them as they pay down their debt!
Comment by ppp on Jun 17, 2022 11:44am
To high a Beta. Div is worthless when your stock goes down 10% in a few hours. Company needs to work on buying  back shares  to keep the trading range within 2 3 %. Shows me no investors own this.
Surge Energy Inc (Alberta)