Total Energy Services Inc. Declares New Dividend
Total Energy Services Inc. (TSX:TOT), headquartered in Calgary, has some exciting news for its shareholders. The company's Board of Directors has officially declared a quarterly dividend amounting to $0.09 (Cdn.) per share for the quarter ending September 30. This dividend is not just a number; it reflects Total Energy's ongoing commitment to providing value to its investors.
Dividend Payment Details
The declared dividend is scheduled to be payable on October 15 to all shareholders recorded at the close of business on September 30. This means that if you're a shareholder by this date, you will receive this dividend payment, allowing you to benefit from your investment in Total Energy.
Understanding Eligible Dividends
It's important for shareholders to note that unless stated otherwise, all dividends disbursed by Total Energy fall under the category of 'eligible dividends'. This classification is vital for those submitting their taxes, as eligible dividends typically receive favorable tax treatment under Canadian law, specifically subsection 89(1) of the Income Tax Act.
About Total Energy Services Inc.
Total Energy is more than just a company that distributes dividends. This organization plays a crucial role in the energy sector, providing an array of services that include contract drilling, rentals, transportation services, well servicing, as well as compression and process equipment. With operational centers strategically located in North America and Australia, they serve not only the energy sector but also other resource industries, showcasing their versatility.
Company's Commitment to Shareholders
The regular payment of dividends is a strong indicator of a company's financial health and its commitment to returning value to its shareholders. Total Energy's consistent dividend payments reflect its robust business model and operational effectiveness in a competitive industry.
Contact Information
For shareholders and potential investors looking for more insights or information, Yuliya Gorbach, the Chief Financial Officer, is available to assist. She can be reached at (403) 216-3920 or via email at investorrelations@totalenergy.ca. Additionally, details about the company and its services can be found on their official website at www.totalenergy.ca.
Frequently Asked Questions
What is the amount of the dividend declared by Total Energy?
Total Energy has declared a quarterly dividend of $0.09 (Cdn.) per share.
When will the dividend be paid?
The dividend is scheduled for payment on October 15.
Who is eligible to receive the dividend?
Shareholders recorded at the close of business on September 30 are eligible to receive the dividend.
What services does Total Energy provide?
Total Energy offers contract drilling, rentals, transportation services, well servicing, and much more to the energy and resource industries.
How can I contact Total Energy for more information?
You can contact Yuliya Gorbach, CFO, at (403) 216-3920 or via email at investorrelations@totalenergy.ca for further inquiries.
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