Topaz Energy Corp. (TSE:TPZ) to Issue $0.34 Quarterly Dividend

Key Points

• Topaz Energy Corp. has declared a quarterly dividend of $0.34 per share, with an ex-dividend date on September 15th and a payment date for investors of record on September 29th.
• The company's stock has a market capitalization of C$3.95 billion and recently traded at C$25.66, showing an increase of C$0.21 during trading.
• Analysts have a consensus target price for the stock of C$31.80, with four analysts rating it as a Buy and one as a Hold.

Topaz Energy Corp. (TSE:TPZ - Get Free Report) announced a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Investors of record on Monday, September 29th will be given a dividend of 0.34 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, September 15th.

Topaz Energy Price Performance

Shares of Topaz Energy stock traded up C$0.01 during trading on Thursday, reaching C$25.67. The company's stock had a trading volume of 63,821 shares, compared to its average volume of 337,169. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45. Topaz Energy has a 12-month low of C$21.00 and a 12-month high of C$29.51. The company has a market capitalization of C$3.95 billion, a P/E ratio of 62.61 and a beta of 0.27. The business has a 50 day moving average price of C$25.34 and a 200-day moving average price of C$24.75.

Insider Buying and Selling

In other Topaz Energy news, Director Mike Rose bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of C$25.37 per share, for a total transaction of C$253,729.00. Insiders own 35.66% of the company's stock.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.