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TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS
TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS Can...
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"\n \n \n \n TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS\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.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0.5pt; BORDER-RIGHT:black 0.5pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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 1, 2022\n \n \n /CNW/ - Tourmaline Oil Corp. (TSX: TOU) (\"\n \n Tourmaline\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of\n \n C$0.225\n \n per common share. This represents an increase of\n \n C$0.10\n \n per common share on an annualized basis.  The dividend will be payable on\n \n June 30, 2022\n \n to shareholders of record at the close of business on\n \n June 15, 2022\n \n . This quarterly cash dividend is designated as an \"eligible dividend\" for Canadian income tax purposes.\n \n \n \n \n \n \n \n \n \n The continued, sustained, strong operational and financial performance have allowed Tourmaline to increase the current base dividend by 12.5% to\n \n C$0.90\n \n per year.  The free cash flow generation outlook continues to improve for both 2022 and 2023 as strip prices continue to increase.  Tourmaline remains committed to returning the majority of free cash flow to its shareholders.  Total trailing twelve-month  dividends have provided for a dividend yield of 5.5%\n \n ([1])\n \n , prior to the mo...