Total Energy Services Inc. Declares Exciting Dividend Update
Overview of Total Energy Services Inc. Dividend
Total Energy Services Inc. has recently declared a quarterly dividend of $0.10 (Cdn.) per share for the upcoming quarter ending on September 30. This announcement is a strong indication of the company's healthy financial position and commitment to returning value to its shareholders.
Details of the Dividend Declaration
The Board of Directors of Total Energy has made this decision to declare the dividend, payable on October 15 to shareholders who are on the record as of September 30. Such moves are typical for companies looking to maintain strong relationships with their investors, reflecting positivity in their financial performance.
Understanding Eligible Dividends
It is important to note that all dividends paid are deemed “eligible dividends” under the Income Tax Act of Canada. This classification may be advantageous for shareholders, potentially resulting in favorable tax treatment when the dividend income is reported.
Company Overview and Services
Headquartered in Calgary, Total Energy Services Inc. delivers a range of essential services to the energy sector, encompassing contract drilling, rental and transportation, well servicing, along with compression and process equipment services. They have established a solid reputation with operations across North America and Australia. The company is publicly listed on the Toronto Stock Exchange under the ticker TOT, allowing investors to easily buy and sell its shares.
Contact Information
If you require more information regarding the dividend or any other corporate matters, you can reach out to Yuliya Gorbach, Chief Financial Officer at (403) 216-3920 or via email at investorrelations@totalenergy.ca. Additionally, please feel free to explore the company's offerings further by visiting their official website at www.totalenergy.ca.
Frequently Asked Questions
What is the new dividend amount declared by Total Energy?
Total Energy Services Inc. announced a quarterly dividend of $0.10 (Cdn.) per share.
When will the declared dividend be paid?
The dividend is scheduled to be paid on October 15 to shareholders of record on September 30.
What are eligible dividends?
Eligible dividends are those that qualify for favorable tax treatment under the Income Tax Act of Canada.
Where is Total Energy Services Inc. headquartered?
Total Energy Services Inc. is based in Calgary, Alberta, Canada.
What services does Total Energy offer?
The company provides contract drilling services, well servicing, apparatus rentals, and more to serve the energy and resource industries.
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