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SURGE ENERGY INC. CONFIRMS INCREASED FEBRUARY 2023 DIVIDEND
SURGE ENERGY INC. CONFIRMS INCREASED FEBRUARY 2023 DIVIDEND Canada NewsWire ...
About this update from Surge Energy Inc.
[{"type":"text","content":"\n \n \n \n SURGE ENERGY INC. CONFIRMS INCREASED FEBRUARY 2023 DIVIDEND\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 16, 2023\n \n \n /CNW/ - Surge Energy Inc. (\"Surge\" or the \"Company\") (TSX: SGY) confirms that a cash dividend to be paid on\n \n February 15, 2023\n \n , in respect of\n \n January 2023\n \n production, for the shareholders of record on\n \n January 31, 2023\n \n will be\n \n $0.04\n \n per share.\n \n \n \n \n \n \n \n \n \n The\n \n $0.04\n \n per share dividend represents a 14 percent increase in the Company's dividend, from\n \n $0.42\n \n per share per year (\n \n $0.035\n \n per share per month) to\n \n $0.48\n \n per share per year (\n \n $0.04\n \n per share per month).\n \n \n The dividend is an eligible dividend for the purposes of the Income Tax Act (\n \n Canada\n \n ).\n \n \n Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.\n \n \n \n N\n \n \n either the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.\n \n \n \n \n \n SOURCE Surge Energy Inc.\n \n \n \n \n \n \n View original content to download multimedia:\n \n http://www.newswire.ca/en/releases/archive/January2023/16/c0272.html\n \n \n \n \n\n","length":3929,"tagName":"div"}]