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

MEG Energy Corp. (OTCMKTS:MEGEF) declared 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 of this dividend is Thursday, March 20th.

MEG Energy Stock Performance

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 has a 50-day moving average price of $16.27 and a two-hundred day moving average price of $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.