Surge Energy Inc. confirmed that a cash dividend to be paid on August 15, 2024, in respect of July 2024 production, for the shareholders of record on July 31, 2024 will be $0.043 per share. The $0.52 per share dividend represents an 8% increase in the Company's dividend, from $0.48 per share per year ($0.040 per share per month) to $0.52 per share per year ($0.043 per share per month). On an annualized basis, the increased dividend of $52 million represents less than 18% of the Company's 2024 cash flow from operating activities guidance of $290 million at US$75 WTI per barrel.
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5-day change | 1st Jan Change | ||
7.14 CAD | +1.56% |
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+2.59% | +10.19% |
15/07 | Surge Energy Increases Dividend | MT |
15/07 | Surge Energy Brief: Confirming Increased August 2024 Dividend | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+10.19% | 526M | |
+4.50% | 7.08B | |
+17.76% | 4.99B | |
+31.48% | 2.7B | |
+29.74% | 2.17B | |
-13.03% | 1.61B | |
-2.81% | 1.14B | |
-.--% | 1.04B | |
+64.61% | 553M | |
-3.56% | 522M |
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