Hemisphere Energy (TSE:HME) has released an update.
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Hemisphere Energy Corporation has announced a special dividend of C$0.03 per share, reflecting the company’s robust financial health and commitment to shareholder returns, which have totaled $10.7 million in 2024. This is in addition to regular quarterly dividends, funded by the company’s free cash flow from enhanced oil recovery assets. Hemisphere has also reported progress on its new development play in Marsden, Saskatchewan, with the start-up of EOR projects expected in the third quarter.
For further insights into TSE:HME stock, check out TipRanks’ Stock Analysis page.
