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

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

Surge Energy Trading Down 4.0 %

OTCMKTS:ZPTAF traded down $0.16 during mid-day trading on Wednesday, hitting $3.77. The company had a trading volume of 44,189 shares, compared to its average volume of 62,486. The business’s fifty day moving average is $3.96 and its two-hundred day moving average is $4.23. Surge Energy has a fifty-two week low of $3.45 and a fifty-two week high of $6.01.

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.