(The Canadian Press) CALGARY –
Bonterra Energy Corp. (
TSX: T.BNE,
Stock Forum) says its next monthly dividend payment will be 29 cents per share, up one cent from the prior payout to shareholders.
The Calgary-based company's dividend is subject to commodity prices and production levels.
The next payout will be paid Dec. 31 to shareholder of record as of Dec. 16.
Bonterra is an oil and gas exploration and development company operating in the Western Canadian Sedimentary Basin.
On Monday morning, Bonterra was trading at $53.90 a share. The company had a market cap of $1.7 billion, based on 31.2 million shares outstanding.