Tourmaline Oil Corp (Alberta) T.TOU

Dividend details ( Worth Repeating IMO)

[TimeBuilder]

CALGARY, AB, Sept. 2, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.225 per common share. The dividend will be payable on September 29, 2022 to shareholders of record at the close of business on September 15, 2022. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.

 

 

[HighOctane89]

I think more interesting than the regular dividend is the fact TOU will be added to the S&P TSX60 , the addition to the elite index will cause funds and ETF's to add the stock to their portfolio . With a dividend pending , winter just around the corner and the impending addition to the 60 , it makes me wonder why this stock in particular is under pressure . Winter temperatures and