Topaz Energy Corp (TSE:TPZ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Topaz Energy Corp. reported a successful fiscal year 2023, with a significant 11% increase in average royalty production and a robust free cash flow margin of 88%. The company has announced a 3.2% dividend increase for the first quarter of 2024, marking its seventh hike since inception. Topaz also confirmed its 2024 guidance, highlighting a sustainable dividend model supported by high-margin infrastructure income and strategic hedging contracts.
For further insights into TSE:TPZ stock, check out TipRanks’ Stock Analysis page.
