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

MEG Energy Corp. (OTCMKTS:MEGEF) declared a dividend on Saturday, December 14th,investing.com reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.0722 per share on Wednesday, January 15th. This represents a dividend yield of 1.73%. The ex-dividend date is Monday, December 16th.

MEG Energy Stock Performance

OTCMKTS MEGEF traded down $0.07 during trading hours on Friday, hitting $16.65. 23,268 shares of the company’s stock traded hands, compared to its average volume of 143,639. MEG Energy has a 52 week low of $16.52 and a 52 week high of $24.59. The business’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $19.52.

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.