Orca Energy Group Declares Quarterly Cash Dividend
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Orca Energy Group Declares Quarterly Dividend
Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) has announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share and $0.10 (Cdn) per Class B Subordinate Voting Share of the Company. This dividend is scheduled to be payable on a specified future date to holders of Class A Shares and Class B Shares of record on a predetermined date.
Overview of Dividend Announcement Process
Dividends are a crucial aspect of shareholder value, reflecting a company's commitment to returning profits to its investors. The cash dividend recently declared signifies Orca's ongoing financial health and confidence in sustainable earnings. This is vital for existing and prospective shareholders seeking a return on their investment.
Details of the Dividend
The declared dividend amounts to $0.10 per share for both Class A and Class B shares. Dividends can significantly impact stock attractiveness, as consistent payouts may lead to increased stock prices, appealing to dividend-focused investors.
Implications for Shareholders
By declaring a dividend, Orca demonstrates its strategy to enhance shareholder returns. Investors should consider this announcement as a positive indication of the company’s operational efficiency and strategic direction in the competitive energy market.
About Orca Energy Group Inc.
Orca is a publicly traded international company engaged in the exploration, development, and supply of natural gas in Tanzania through its subsidiary, PanAfrican Energy Tanzania Limited. With its shares traded on the TSX Venture Exchange, Orca is recognized as a key player in the energy sector.
Operations in Tanzania
Orca’s operations focus on the vast natural gas reserves in Tanzania, positioning the company as a significant energy supplier in the region. This strategic focus allows Orca to develop sustainable operations while contributing to local energy needs.
Recent Developments
Orca recently expanded its operations and aims to enhance its gas production capabilities in Tanzania. The company is committed to maintaining a robust and efficient operational framework, ensuring growth opportunities align with market demands.
Contact Information
For further information please contact:
Jay Lyons
Chief Executive Officer
ir@orcaenergygroup.com
+44-20 8434 2643
Lisa Mitchell
Chief Financial Officer
ir@orcaenergygroup.com
+44-20 8434 2643
For media inquiries:
Celicourt (PR)
Mark Antelme
Jimmy Lea
Orca@celicourt.uk
+44-20 8434 2643
Frequently Asked Questions
What is the announced dividend amount for Orca Energy Group?
The announced dividend amount is $0.10 (Cdn) per share for both Class A and Class B shares.
When will the dividend be payable?
The dividend is set to be payable on a future date that will be communicated to shareholders.
What is Orca Energy Group's primary business?
Orca Energy Group is primarily engaged in natural gas exploration, development, and supply in Tanzania through its subsidiary.
How does the dividend declaration affect shareholders?
The dividend declaration indicates Orca's commitment to returning value to its investors and may influence the attractiveness of its stock.
Where is Orca Energy Group listed?
Orca Energy Group is listed on the TSX Venture Exchange under the symbols ORC.A and ORC.B.
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