Secure Energy Services Inc Announces Monthly Dividend of $0.02 (SES)

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Secure Energy Services Inc (TSE:SES) announced a monthly dividend on Wednesday, October 31st, TickerTech reports. Stockholders of record on Thursday, November 15th will be given a dividend of 0.0225 per share on Thursday, November 15th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, October 31st.

Shares of TSE SES traded up C$0.21 during mid-day trading on Tuesday, reaching C$8.16. 160,956 shares of the company were exchanged, compared to its average volume of 352,293. Secure Energy Services has a twelve month low of C$6.98 and a twelve month high of C$9.82.

Secure Energy Services (TSE:SES) last posted its earnings results on Wednesday, August 1st. The company reported C($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.04). The company had revenue of C$719.92 million during the quarter, compared to analysts’ expectations of C$711.77 million. Secure Energy Services had a negative net margin of 0.03% and a negative return on equity of 0.08%.

A number of research firms have recently issued reports on SES. CIBC cut their target price on shares of Secure Energy Services from C$13.00 to C$10.50 in a research note on Tuesday, October 16th. Raymond James raised their target price on shares of Secure Energy Services from C$12.75 to C$14.50 in a research note on Thursday, August 2nd.

Secure Energy Services Company Profile

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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Dividend History for Secure Energy Services (TSE:SES)

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