Secure Energy Services Inc (SES) Raises Dividend to $0.02 Per Share

Secure Energy Services Inc (TSE:SES) announced a monthly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Monday, January 1st will be paid a dividend of 0.023 per share on Monday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Secure Energy Services’s previous monthly dividend of $0.02.

Shares of Secure Energy Services (SES) traded down C$0.08 during midday trading on Friday, hitting C$8.66. 272,600 shares of the stock were exchanged, compared to its average volume of 354,053. The stock has a market capitalization of $1,410.00, a P/E ratio of -66.62 and a beta of 1.31. Secure Energy Services has a 1-year low of C$6.96 and a 1-year high of C$12.04.

A number of brokerages have recently commented on SES. Raymond James Financial lowered their price target on shares of Secure Energy Services from C$13.00 to C$12.75 and set a “strong-buy” rating for the company in a report on Wednesday, September 6th. TD Securities reiterated a “buy” rating and set a C$12.00 price target on shares of Secure Energy Services in a report on Tuesday, October 3rd. GMP Securities lifted their price target on shares of Secure Energy Services from C$11.50 to C$13.00 in a report on Monday, November 13th. Finally, Canaccord Genuity boosted their target price on shares of Secure Energy Services from C$11.00 to C$11.50 in a report on Monday, November 13th.

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Secure Energy Services Company Profile

Secure Energy Services Inc is a Canada-based energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.

Dividend History for Secure Energy Services (TSE:SES)

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