Surge Energy Inc. Announces Monthly Dividend of $0.04 (TSE:SGY)

Key Points

• Monthly dividend: Surge Energy declared a monthly dividend of C$0.0433 per share, payable to shareholders of record on May 15 with an ex-dividend date of April 30, implying an annualized yield of about 5.4%.
• Share metrics: SGY opened at C$9.66 and is trading near its 52-week high (C$9.72), with a market capitalization of C$954.8 million and a P/E of 24.15.
• Recent results: In its latest quarter the company reported C$0.55 EPS on C$111.4 million of revenue, with a net margin of 7.21%.

Surge Energy Inc. (TSE:SGY - Get Free Report) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Investors of record on Friday, May 15th will be paid a dividend of 0.0433 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, April 30th.

Surge Energy Stock Performance

Shares of SGY stock opened at C$9.66 on Tuesday. The stock has a fifty day moving average of C$8.63 and a 200 day moving average of C$7.59. Surge Energy has a 52 week low of C$4.53 and a 52 week high of C$9.72. The firm has a market capitalization of C$954.80 million, a price-to-earnings ratio of 24.15, a PEG ratio of 0.59 and a beta of -0.21. The company has a quick ratio of 0.40, a current ratio of 0.78 and a debt-to-equity ratio of 33.64.

Surge Energy (TSE:SGY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$111.40 million during the quarter. Surge Energy had a return on equity of 5.47% and a net margin of 7.21%.

About Surge Energy

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

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