MEG Energy Corp. (OTCMKTS:MEGEF) Plans $0.07 Dividend

MEG Energy Corp. (OTCMKTS:MEGEF) announced a dividend on Tuesday, March 18th, investing.com reports. Investors of record on Friday, March 21st will be paid a dividend of 0.0693 per share on Tuesday, April 15th. This represents a yield of 1.61%. The ex-dividend date is Thursday, March 20th.

MEG Energy Stock Up 2.1 %

Shares of OTCMKTS MEGEF opened at $17.20 on Tuesday. MEG Energy has a 1 year low of $13.78 and a 1 year high of $24.59. The firm’s 50-day moving average is $16.27 and its 200-day moving average is $17.47.

MEG Energy Company Profile

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.