Secure Energy Services Inc (SES) to Issue Monthly Dividend of $0.02

Secure Energy Services Inc (TSE:SES) declared a monthly dividend on Wednesday, October 31st, TickerTech reports. Shareholders of record on Thursday, November 15th will be given a dividend of 0.0225 per share on Thursday, November 15th. This represents a $0.27 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, October 31st.

SES traded up C$0.21 during trading on Tuesday, hitting C$8.16. The company’s stock had a trading volume of 160,956 shares, compared to its average volume of 352,293. Secure Energy Services has a one year low of C$6.98 and a one year high of C$9.82.

Secure Energy Services (TSE:SES) last released its quarterly earnings results on Wednesday, August 1st. The company reported C($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.04). The business had revenue of C$719.92 million for the quarter, compared to the consensus estimate of C$711.77 million. Secure Energy Services had a negative net margin of 0.03% and a negative return on equity of 0.08%.

Several brokerages have recently commented on SES. Raymond James raised their price objective on shares of Secure Energy Services from C$12.75 to C$14.50 in a research report on Thursday, August 2nd. CIBC reduced their price target on shares of Secure Energy Services from C$13.00 to C$10.50 in a report on Tuesday, October 16th.

About Secure Energy Services

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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Dividend History for Secure Energy Services (TSE:SES)

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