The monthly cheque clears today. The waterflood budget is the operating file
Surge Energy Inc. (TSX: SGY) confirmed August 17 a cash dividend of $0.043333 per share for August 2026 production. Payment date is September 15 to shareholders of record August 31. The dividend is designated eligible for Canadian tax purposes. That pay date is today.
Surge's July 29 second-quarter update kept the guidance raised June 1: 2026 exit production of 24,000 boe per day versus 23,000 previously, average production of 23,375 boe per day, and a $175 million capital budget versus $150 million originally. The incremental $25 million splits $16 million to more drilling in Sparky and southeast Saskatchewan and $9 million to waterflood, lifting 2026 waterflood capital to $21 million from $12 million.
Surge said it returns about $51.5 million annually through a $0.52 per share base dividend paid monthly. Management continues to prioritize debt reduction and NCIB repurchases with excess free cash flow. This morning's settlement does not change that frame.