Surge Energy Inc. (OTCMKTS:ZPTAF) to Issue Dividend Increase – $0.03 Per Share

Surge Energy Inc. (OTCMKTS:ZPTAF) declared a dividend on Saturday, August 24th, investing.com reports. Shareholders of record on Monday, September 2nd will be given a dividend of 0.0316 per share on Monday, September 16th. This represents a yield of 7.77%. The ex-dividend date is Friday, August 30th. This is a positive change from Surge Energy’s previous dividend of $0.03.

Surge Energy Price Performance

Surge Energy stock opened at $5.00 on Friday. The firm has a 50-day moving average price of $5.01 and a two-hundred day moving average price of $5.17. Surge Energy has a 52-week low of $4.36 and a 52-week high of $7.16.

About Surge Energy

Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.