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

MEG Energy Corp. (OTCMKTS:MEGEF) declared a dividend on Tuesday, March 18th, investing.com reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.0693 per share on Tuesday, April 15th. This represents a yield of 1.61%. The ex-dividend date of this dividend is Thursday, March 20th.

MEG Energy Price Performance

Shares of OTCMKTS:MEGEF opened at $17.20 on Tuesday. The company’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $17.47. MEG Energy has a one year low of $13.78 and a one year high of $24.59.

About MEG Energy

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.