SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022
16 June 2022 - 7:40AM
PR Newswire (Canada)
CALGARY,
AB, June 15, 2022 /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 $0.035 per share will be
payable on July 15, 2022 in respect
of June 2022 production, for the
Surge shareholders of record on June 30,
2022.
The dividend is designated as an eligible dividend for the
purposes of the Income Tax Act (Canada).
ABOUT SURGE ENERGY INC.
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.
Neither 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.
SOURCE Surge Energy Inc.
Copyright 2022 Canada NewsWire
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