Total Energy Services Inc. Unveils Exciting Dividend News
Total Energy Services Inc. Declares Quarterly Dividend
CALGARY, Alberta—Total Energy Services Inc. (TSX: TOT) has officially announced that its Board of Directors has approved the declaration of a quarterly dividend of $0.10 per common share. This dividend pertains to the fiscal quarter concluding on September 30 and underscores the company’s dedication to returning value to its investors.
Dividend Payment Details
The announced dividend is set to be payable on October 15 to shareholders who hold their shares at the close of business on September 30. This reflects Total Energy's ongoing strategy to maintain a consistent financial return to its shareholders, ensuring a stable investment experience.
Understanding Eligible Dividends in Canada
Each dividend distributed by Total Energy is classified as an "eligible dividend" as per the definitions set out by Canadian tax regulations. This classification could bring certain tax advantages to shareholders, such as preferential tax rates compared to non-eligible dividends, making this offering even more attractive for investors.
Company Overview and Services
Headquartered in Calgary, Total Energy Services Inc. has established itself as a significant player in the contracting space, providing key services such as contract drilling, equipment rentals, and well servicing. The company operates across North America and Australia, catering to various sectors within the energy and resource industries. With a diverse portfolio, Total Energy continues to expand its services while maintaining high safety and operational efficiency standards.
Contact and Further Information
For more detailed queries about the dividend announcement or other investor relations, interested parties can reach out to Yuliya Gorbach, the Chief Financial Officer, at (403) 216-3920. Alternatively, you can contact them via email at investorrelations@totalenergy.ca. Further insights about the company can be found on their official website at www.totalenergy.ca.
Frequently Asked Questions
What is the amount of the declared dividend by Total Energy?
The declared dividend is $0.10 per common share.
When will shareholders receive the dividend?
The dividend is set to be payable on October 15 to shareholders of record as of September 30.
What qualifies as an "eligible dividend" in Canada?
Eligible dividends are those that meet the criteria set by the Income Tax Act, offering potential tax advantages to shareholders.
What services does Total Energy provide?
Total Energy offers contract drilling, rentals, well servicing, and other equipment-related services across North America and Australia.
How can investors contact Total Energy for more information?
Investors can contact Yuliya Gorbach, the CFO, at (403) 216-3920 or via email at investorrelations@totalenergy.ca.
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