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Topaz Energy Announces Dividend Hike Amid Strong 2023 Results
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Topaz Energy Announces Dividend Hike Amid Strong 2023 Results

Topaz Energy Corp (TSE:TPZ) has released an update.

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Topaz Energy Corp. reported a successful fiscal year 2023, with a significant 11% increase in average royalty production and a robust free cash flow margin of 88%. The company has announced a 3.2% dividend increase for the first quarter of 2024, marking its seventh hike since inception. Topaz also confirmed its 2024 guidance, highlighting a sustainable dividend model supported by high-margin infrastructure income and strategic hedging contracts.

For further insights into TSE:TPZ stock, check out TipRanks’ Stock Analysis page.

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