Epsilon Energy Ltd. Announces Quarterly Dividend

Epsilon Energy (NASDAQ: EPSN) has declared a quarterly dividend of $0.0625 per share of common stock.

(Neutral)

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Rhea-AI Summary

Epsilon Energy (NASDAQ: EPSN) has declared a quarterly dividend of $0.0625 per share of common stock. This translates to an annualized dividend of $0.25 per share. The dividend will be paid on September 30th, 2024, to shareholders of record as of the close of business on September 13th, 2024. Epsilon Energy confirms that all dividends paid by the company are considered 'eligible dividends' as defined by Canadian tax law, unless otherwise stated. This announcement demonstrates the company's commitment to returning value to shareholders through regular dividend payments.

Positive

Consistent dividend payment indicates financial stability
Annualized dividend yield of $0.25 per share provides income for shareholders
Dividend classification as 'eligible' may offer tax advantages for Canadian investors

Negative

None.

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News Market Reaction – EPSN

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08/27/2024 - 04:05 PM

Board declares dividend of $0.0625 per common share

HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on September 13^th 2024, payable on September 30^th 2024. All dividends paid by the Company are “eligible dividends” as defined in subsection 89(1) of the Income Tax Act (Canada), unless indicated otherwise.

About Epsilon

Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, New Mexico, and Oklahoma.

Contact Information:

281-670-0002

Jason Stabell
Chief Executive Officer
Jason.Stabell@EpsilonEnergyLTD.com

Andrew Williamson
Chief Financial Officer
Andrew.Williamson@EpsilonEnergyLTD.com

This press release was published by a CLEAR® Verified individual.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount announced by Epsilon Energy (EPSN) for Q3 2024?

Epsilon Energy (EPSN) announced a quarterly dividend of $0.0625 per share of common stock for Q3 2024.

When is the ex-dividend date for Epsilon Energy's (EPSN) Q3 2024 dividend?

The press release does not specify the ex-dividend date. Typically, it's one business day before the record date, which is September 13th, 2024.

What is the annualized dividend yield for Epsilon Energy (EPSN) based on the recent announcement?

Based on the recent announcement, the annualized dividend yield for Epsilon Energy (EPSN) is $0.25 per share.

Are Epsilon Energy's (EPSN) dividends considered 'eligible dividends' for Canadian tax purposes?

Yes, Epsilon Energy (EPSN) states that all dividends paid by the company are considered 'eligible dividends' as defined by Canadian tax law, unless otherwise indicated.

Epsilon Energy Ltd. Announces Quarterly Dividend