Surge Energy Inc (SGY) Increases Dividend to $0.01 Per Share
Surge Energy Inc (TSE:SGY) declared a monthly dividend on Friday, December 15th, Zacks reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.008 per share on Monday, January 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, December 28th. This is a boost from Surge Energy’s previous monthly dividend of $0.007917.
Surge Energy (TSE SGY) remained flat at $C$2.08 on Friday. 584,800 shares of the company’s stock traded hands, compared to its average volume of 912,578. The stock has a market capitalization of $484.47, a PE ratio of -52.00 and a beta of 0.26. Surge Energy has a 52-week low of C$1.90 and a 52-week high of C$3.45.
In related news, insider Daniel Curt Brown sold 13,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$2.04, for a total value of C$26,520.00. Insiders purchased 4,876 shares of company stock valued at $10,047 over the last quarter.
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Surge Energy Company Profile
Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects.
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