Epsilon Energy Ltd. declares a dividend of $0.0625 per share, payable December 31, 2024, to shareholders of record.
Quiver AI Summary
Epsilon Energy Ltd. announced a dividend of $0.0625 per share of common stock, which annualizes to $0.25 per share, for shareholders of record as of December 16, 2024. The dividend will be payable on December 31, 2024, and is classified as an "eligible dividend" under Canadian tax law, unless stated otherwise. Epsilon Energy is a North American company involved in the production and gathering of natural gas and oil, with operations in several states and provinces including Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma.
Potential Positives
- Declaration of a dividend of $0.0625 per share signals financial stability and a commitment to returning value to shareholders.
- Annualized dividend of $0.25 per share may attract income-focused investors and enhance shareholder confidence.
- Timing of the dividend payment aligns with year-end, which could positively impact stockholder sentiment during a critical financial period.
Potential Negatives
- The dividend amount of $0.0625 per share may be perceived as low, potentially leading to dissatisfaction among shareholders expecting higher returns.
- The announcement of a dividend may imply limited reinvestment opportunities, which could raise concerns about the company's growth prospects among investors.
- Providing a dividend amidst a volatile energy market might suggest the company is prioritizing immediate payouts over long-term strategic investments, potentially signaling financial conservatism or instability.
FAQ
What is the recent dividend declared by Epsilon Energy Ltd.?
Epsilon Energy Ltd. has declared a dividend of $0.0625 per share, totaling $0.25 annually.
When is the Epsilon Energy dividend payable?
The dividend will be payable on December 31, 2024.
Who is eligible for the Epsilon Energy dividend?
Stockholders of record at the close of business on December 16, 2024, are eligible for the dividend.
What does “eligible dividends” mean for Epsilon Energy?
All dividends paid are considered “eligible dividends” under subsection 89(1) of the Income Tax Act (Canada).
Where does Epsilon Energy operate?
Epsilon Energy operates in Pennsylvania, Texas, Alberta, New Mexico, and Oklahoma.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EPSN Insider Trading Activity
$EPSN insiders have traded $EPSN stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EPSN stock by insiders over the last 6 months:
- JASON STABELL (Chief Executive Officer) has traded it 2 times. They made 2 purchases, buying 83,139 shares and 0 sales.
- ANDREW WILLIAMSON (Chief Financial Officer) purchased 50,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$EPSN Hedge Fund Activity
We have seen 19 institutional investors add shares of $EPSN stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PALO DURO INVESTMENT PARTNERS, LP removed 1,329,107 shares (-100.0%) from their portfolio in Q3 2024
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 252,136 shares (+696.4%) to their portfolio in Q3 2024
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 50,000 shares (-4.5%) from their portfolio in Q3 2024
- JANE STREET GROUP, LLC removed 42,732 shares (-100.0%) from their portfolio in Q2 2024
- QUBE RESEARCH & TECHNOLOGIES LTD added 42,403 shares (+2120150.0%) to their portfolio in Q3 2024
- LPL FINANCIAL LLC removed 35,850 shares (-21.4%) from their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC added 28,821 shares (+15.7%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Nov. 26, 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 December 16, 2024, payable on December 31, 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, Alberta, New Mexico, and Oklahoma.
Contact Information:
281-670-0002
Jason Stabell
Chief Executive Officer
[email protected]
Andrew Williamson
Chief Financial Officer
[email protected]
