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

MEG Energy Corp. (OTCMKTS:MEGEF) announced a dividend on Tuesday, September 17th, investing.com reports. Investors of record on Wednesday, September 18th will be given a dividend of 0.0723 per share on Tuesday, October 15th. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, September 17th.

MEG Energy Stock Up 1.6 %

Shares of MEGEF stock opened at $18.15 on Tuesday. The firm’s 50 day moving average price is $19.70 and its two-hundred day moving average price is $21.26. MEG Energy has a 52-week low of $16.73 and a 52-week high of $24.59.

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.