Surge Energy Inc. (TSX: SGY), an intermediate energy company focused on oil and gas production in Western Canada, declares a monthly cash dividend of C$0.043 per share.
Key Dividend Dates
Shareholders of record on August 31, 2024, receive the dividend payable on September 16, 2024. The ex-dividend date falls on August 29, 2024.
Dividend Policy and Recent Changes
This declaration aligns with Surge Energy’s ongoing monthly dividend program. The company increased its monthly payout from C$0.040 to C$0.043 per share earlier in 2024, boosting the annualized dividend to approximately C$0.52 per share and delivering a yield of around 6% based on recent trading levels.
All dividends qualify as eligible dividends under Canadian tax rules, providing favorable tax treatment for shareholders.
Company Overview
Surge Energy continues to prioritize shareholder returns through its base monthly dividend while generating free cash flow from its high-quality assets. Year-to-date through August 2024, the company has distributed C$0.366 per share.
Investors can expect consistent monthly payments, with the record date typically set at month-end and payments on the 15th or next business day.
