High Arctic Energy Announces Shareholder Payout

High Arctic Energy Services (TSE:HWO) has released an update.

High Arctic Energy Services has declared a $0.76 per share return of capital to its shareholders, with a record date of July 9, 2024, and payment by July 17, 2024. This move follows the company’s lucrative asset divestiture in 2022 and is part of a strategic plan that includes an upcoming arrangement with High Arctic Overseas Holdings Corp. The return of capital is anticipated to be a more tax-efficient benefit to shareholders compared to a dividend.

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