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Surge Energy ( (TSE:SGY) ) has shared an update.
Surge Energy Inc. has announced a cash dividend of $0.043333 per share, to be paid on March 17, 2025, for shareholders of record on February 28, 2025. This decision reflects the company’s commitment to enhancing shareholder value by distributing returns generated from its oil production activities. The dividend is recognized as an eligible dividend under the Income Tax Act of Canada, indicating its compliance with tax regulations and its potential benefit to investors.
More about Surge Energy
Surge Energy Inc. is an intermediate, publicly traded oil company that focuses on increasing shareholder returns through the generation of free cash flow. The company employs a defined operating strategy centered on acquiring and developing high-quality, conventional oil reservoirs, using proven technologies to enhance ultimate oil recoveries.
YTD Price Performance: -4.18%
Average Trading Volume: 54,698
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $388.1M
Learn more about SGY stock on TipRanks’ Stock Analysis page.