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i3 Energy Hikes Dividend By 25%

By Akanksha Bakshi
  • i3 Energy PLC (TSX:ITE) (OTC:ITEEFincreased the minimum dividend to be paid in 2022 by 25%, from £11.827 million to £14.784 million, to be implemented by increasing the monthly dividend.
  • The company stated that the increase reflects the solid performance of its production assets, positive results from the initial phase of its 2022 development drilling program, continuing commodity price strength, and the consequent positive impact on cash flow projections.
  • i3 declared its June 2022 dividend totaling £1.6052 million. The monthly dividend amounts to 0.1425 pence/share, payable on June 10, 2022, to shareholders of record on May 20, 2022.
  • Price Action: ITE shares are trading higher by 7.23% at C$0.45 on TSX, and ITEEF is higher by 11.15% at $0.36 on the last check Wednesday.
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Dive Deeper:
Bunge Hikes Quarterly Dividend By 19%
Bunge Ltd (NYSE:BG) Board of Directors has declared a 19% increase in the regular quarterly cash dividend. The increased cash dividend amounted to…
Tuesday Is Your Last Chance To Buy Chesapeake Energy Before The Dividend Payout
Tuesday marks the last chance for investors to receive the next dividend payout from Chesapeake Energy (NASDAQ:CHK).
Eversource Energy's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Tuesday marks the last chance for investors to receive the next dividend payout from Eversource Energy (NYSE:ES).
Duke Energy's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Wednesday marks the last chance for investors to receive the next dividend payout from Duke Energy (NYSE:DUK).
One subscription that gives you access to news from hundreds of sites
What's Going On With Keyera Shares Today
Keyera Corp (TSX:KEY) (OTC:KEYUF) price target was raised to C$37 from C$35 by RBC Capital analyst Robert Kwan. The risk-adjusted expected total return to price…
Tree Island Steel Declares Special Dividend
Tree Island Steel Ltd. (TSX:TSL) (OTC:TWIRF) declared a regular quarterly dividend of C$0.03 per share and an additional C$0.02 per share as a…
Get all your news in one place