tiprankstipranks
Newport Announces Q2 Dividend; Strong Financials
Company Announcements

Newport Announces Q2 Dividend; Strong Financials

Newport Exploration (TSE:NWX) has released an update.

Don't Miss Our Christmas Offers:

Newport Exploration Ltd has declared a $0.005 per share second quarterly cash dividend for 2024, with shareholders of record on May 27, 2024, set to receive payments on June 11, 2024. The dividend, confirmed by the Board, is an ‘eligible dividend’ for Canadian tax purposes. The company, which has a 2.5% Gross Overriding Royalty in the Cooper Basin operated by Beach Energy, maintains a robust financial position with no debt and expects further royalty income prior to the dividend payout.

For further insights into TSE:NWX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskNewport Exploration Adjusts Dividend Strategy Amid Oil Slump
TipRanks Canadian Auto-Generated NewsdeskNewport Exploration Reports Strong Quarterly Royalty
TipRanks Canadian Auto-Generated NewsdeskNewport Exploration Reports on Cooper Basin Royalties
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App