CALGARY,
AB, Dec. 15, 2022 /CNW/ - SECURE Energy
Services Inc. ("SECURE", the "Corporation") (TSX: SES) is pleased
to announce that its Board of Directors has declared a quarterly
dividend of $0.10 per common
share payable on or about January 16,
2023, to shareholders of record on January 1, 2023. This dividend is an eligible
dividend for the purpose of the Income Tax Act (Canada). To be an eligible shareholder, a
shareholder must be resident in Canada and must not be a "U.S. person" within
the meaning of United States
("U.S.") federal securities laws.
The dividend payable on or about January
16, 2023, represents a material increase of over 13 times
from the last dividend paid by SECURE on October 15, 2022, and approximates a 5.7%
annualized yield for shareholders based on SECURE's closing share
price on December 14, 2022. This
higher dividend is a first step to carrying out our commitment of
delivering meaningful returns to shareholders in connection with
the Corporation's increased discretionary free cash flow generation
capabilities and the strength of our balance sheet.
SECURE also announced today that it expects to release its 2022
fourth quarter financial and operating results before markets open
on Thursday, March 2, 2023. Financial
Statements and Management's Discussion and Analysis will be posted
to SECURE's website and SEDAR following the release.
SECURE will host a conference call Thursday, March 2, 2023, at 9:00 a.m. MST to discuss the fourth quarter
results.
To participate in the conference call, dial 416-764-8650 or toll
free 888-664-6383. To access the simultaneous webcast, please visit
www.secure-energy.com. For those unable to listen to the live call,
a taped broadcast will be available at
www.secure-energy.com and, until midnight MST on Thursday, March 9,
2023, by dialing 1-888-390-0541 and using the pass code 639557.
ABOUT SECURE
SECURE is a leading environmental and
energy infrastructure business headquartered in Calgary, Alberta. The Corporation's extensive
infrastructure network located throughout key resource plays in
western Canada and North Dakota includes midstream processing and
storage facilities, crude oil and water pipelines, industrial
landfills, waste transfer and metals recycling facilities. Through
this infrastructure network, the Corporation carries out its
principal business operations, including the gathering,
optimization and storage of crude oil and natural gas liquids, and
the processing, recovery and disposal of waste streams generated by
our energy and industrial customers. The solutions the Corporation
provides are designed not only to help reduce costs, but also lower
emissions, increase safety, manage water, recycle by-products and
protect the environment.
SECURE's shares trade under the symbol SES and are listed on the
Toronto Stock Exchange. For more information, visit
www.secure-energy.com.
TSX Symbol: SES
SOURCE SECURE Energy Services Inc.