Topaz Energy Corp. (TSE:TPZ) to Issue Quarterly Dividend of $0.35

Topaz Energy Corp. (TSE:TPZ) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.35 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 15th.

Topaz Energy Stock Performance

Shares of Topaz Energy stock traded down C$0.42 during trading on Friday, hitting C$30.79. 359,023 shares of the stock were exchanged, compared to its average volume of 566,560. The stock has a market capitalization of C$4.77 billion, a price-to-earnings ratio of 33.11 and a beta of 0.34. The company has a fifty day moving average price of C$31.50 and a 200-day moving average price of C$31.38. Topaz Energy has a 1-year low of C$24.37 and a 1-year high of C$33.91. The company has a current ratio of 3.48, a quick ratio of 7.17 and a debt-to-equity ratio of 36.22.

Topaz Energy (TSE:TPZ) last issued its earnings results on Monday, July 27th. The company reported C$0.29 earnings per share (EPS) for the quarter. Topaz Energy had a net margin of 48.58% and a return on equity of 12.16%. The business had revenue of C$115.39 million during the quarter. As a group, equities analysts predict that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

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. 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.