Topaz Energy Corp. (TSE:TPZ) Raises Dividend to $0.35 Per Share

Topaz Energy Corp. (TSE:TPZ) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.35 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a 2.9% increase from Topaz Energy’s previous quarterly dividend of $0.34.

Topaz Energy Stock Performance

TPZ stock traded down C$0.01 during midday trading on Friday, hitting C$32.53. 428,665 shares of the company traded hands, compared to its average volume of 605,716. Topaz Energy has a twelve month low of C$24.37 and a twelve month high of C$33.91. The company has a quick ratio of 7.17, a current ratio of 2.93 and a debt-to-equity ratio of 35.87. The business has a 50 day simple moving average of C$31.66 and a 200-day simple moving average of C$29.92. The stock has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 37.39 and a beta of 0.32.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.25 EPS for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%.The company had revenue of C$88.66 million for the quarter. As a group, equities research analysts predict that Topaz Energy will post 0.2019855 earnings per share for the current year.

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. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.