CALGARY,
AB, Jan. 16, 2023 /CNW/ - Surge Energy Inc.
("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend
to be paid on February 15, 2023, in
respect of January 2023 production,
for the shareholders of record on January
31, 2023 will be $0.04 per
share.
The $0.04 per share dividend
represents a 14 percent increase in the Company's dividend, from
$0.42 per share per year
($0.035 per share per month) to
$0.48 per share per year
($0.04 per share per month).
The dividend is an eligible dividend for the purposes of the
Income Tax Act (Canada).
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.