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SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022
SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022 Canada New...
About this update from Surge Energy Inc.
[{"type":"text","content":"\n \n \n \n SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022\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 June 15, 2022\n \n \n /CNW/ - Surge Energy Inc. (\"Surge\" or the \"Company\") (TSX: SGY) is pleased to announce that the Board of Directors has approved the reinstatement of its monthly cash dividend, as part of the Company's previously announced integrated business strategy of returning capital to shareholders, plus production per share growth. Accordingly, a cash dividend of\n \n $0.035\n \n per share will be payable on\n \n July 15, 2022\n \n in respect of\n \n June 2022\n \n production, for the Surge shareholders of record on\n \n June 30, 2022\n \n .\n \n \n \n \n \n \n \n \n \n The dividend is designated as an eligible dividend for the purposes of the Income Tax Act (\n \n Canada\n \n ).\n \n \n \n ABOUT SURGE ENERGY INC.\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 \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/June2022/15/c2960.html\n \n \n \n \n\n","length":4562,"tagName":"div"}]