Surge Energy Inc. (OTCMKTS:ZPTAF) Plans Dividend Increase – $0.03 Per Share

Surge Energy Inc. (OTCMKTS:ZPTAF) declared a dividend on Wednesday, February 26th, investing.com reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.0305 per share on Monday, March 17th. This represents a yield of 9.73%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Surge Energy’s previous dividend of $0.03.

Surge Energy Stock Performance

Surge Energy stock traded down $0.16 during trading hours on Wednesday, reaching $3.77. 44,189 shares of the company’s stock were exchanged, compared to its average volume of 62,486. Surge Energy has a twelve month low of $3.45 and a twelve month high of $6.01. The firm’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.23.

Surge Energy Company Profile

Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.