Topaz Energy Corp. Declares Quarterly Dividend of $0.34 (TSE:TPZ)

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 paid a dividend of 0.34 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, September 15th.

Topaz Energy Price Performance

Shares of TPZ stock traded up C$0.21 during trading on Friday, hitting C$25.66. The company had a trading volume of 154,783 shares, compared to its average volume of 340,556. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The firm has a market capitalization of C$3.95 billion, a P/E ratio of 62.59 and a beta of 0.27. The stock's 50-day moving average price is C$25.33 and its 200 day moving average price is C$24.73. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.51.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price objective on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$31.80.

About Topaz Energy

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.

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