Surge Energy Announces CAD 0.0433 Monthly Dividend

Surge Energy has declared a CAD 0.0433 per share monthly dividend, in line with previous declarations. The forward yield is 8.59%. The dividend is payable on July 15 for shareholders of record on June 30, and the ex-dividend date is also June 30.

Calgary, AB, June 16, 2025 /CNW/ - Surge Energy Inc. (TSX: SGY) has confirmed a monthly cash dividend of CAD 0.0433 per share, payable on July 15, 2025, for shareholders of record on June 30, 2025. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada) [1]. This dividend aligns with the company's ongoing commitment to enhancing shareholder returns through free cash flow generation [1].

Surge Energy is an intermediate, publicly traded oil company that focuses on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries. The company's defined operating strategy emphasizes the efficient generation of free cash flow, which is reflected in its consistent dividend declarations [1].

The forward yield of the dividend is 8.59%, making it an attractive option for income-focused investors. The ex-dividend date for this dividend is also June 30, 2025 [1]. Investors should note that the dividend is subject to change based on the company's financial performance and board decisions.

Surge Energy has been consistently delivering dividends, and this latest announcement underscores the company's commitment to shareholder returns. The dividend is a key component of the company's strategy to generate value for its shareholders over the long term [1].

For more information on Surge Energy Inc., please refer to the company's official website and financial reports.

References:
[1] Surge Energy Inc. (2025). Surge Energy Inc. confirms July 2025 dividend. Retrieved from https://www.marketscreener.com/quote/stock/SURGE-ENERGY-INC-1412337/news/SURGE-ENERGY-INC-CONFIRMS-JULY-2025-DIVIDEND-50249010/