Topaz Energy Corp. (TSE:TPZ) Declares $0.35 Quarterly Dividend

Topaz Energy Corp. (TSE:TPZ) declared 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 of this dividend is Tuesday, September 15th.

Topaz Energy Price Performance

Shares of TSE TPZ traded down C$0.42 during trading on Friday, hitting C$30.79. The company had a trading volume of 359,023 shares, compared to its average volume of 566,560. The stock has a fifty day simple moving average of C$31.50 and a two-hundred day simple moving average of C$31.38. Topaz Energy has a fifty-two week low of C$24.37 and a fifty-two week high of C$33.91. The firm 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 quick ratio of 7.17, a current ratio of 3.48 and a debt-to-equity ratio of 36.22.

Topaz Energy (TSE:TPZ) last released its quarterly earnings results on Monday, July 27th. The company reported C$0.29 earnings per share for the quarter. Topaz Energy had a net margin of 48.58% and a return on equity of 12.16%. The firm had revenue of C$115.39 million during the quarter. On average, research analysts expect 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.