Tourmaline Oil Corp (Alberta) T.TOU

Dividends Nov 2023

[Aquantum]

Will I get dividends if I bought today on October 20? Thanks

[uwebb429]

The ex-dividend date for the $1.00 special dividend is Monday, Oct 23. If you bought TOU shares today, you should receive the dividend. https://www.theglobeandmail.com/investing/markets/stocks/TOU-T/dividends/ If a trader purchases a stock on its ex-dividend date or after, they will not receive the next dividend payment. https://www.investopedia.com/terms/e/ex-dividend.asp#:~:text=The

[CHECKMATE77]

You will get the 1.00 but the share price will probably go down by the same 

[fishcarrier]

Yes, normally the share price goes down once the x date arrives. But I also expect Tourmaline might gain again quickly as they also report Q3 results on November 1. When they announced the acquisition of Bonaventure they hinted at a good quarter just past. 

[integrity11]

Checkmate that might be the normal case, but this special dividend feels definitely very different. With cool weather turning up we will enjoy the dividend payment on November 1 and a higher stock price than the ex dividend day stock price. Best of fortunes for all patient Tou shareholders and worst of luck to all investors and hedge funds shorting Tou.

[fishcarrier]

Right on!  I love Tourmaline's report concerning the Bonavista acquisition. They said, "continued strong financial forecast for 2H 2023, as well as anticipated sustainable FCF coupled with Tourmaline's low-cost structure."  That's music I like.