Razor Energy Corp. (ticker: RZE) announced a special cash dividend of $0.165 per share which will be paid on October 5, 2018.

The record date for the dividend is October 2, 2018 and the ex-dividend date is October 1, 2018. The special cash dividend is a one-time distribution to Razor’s shareholders of record, the company said. With continued financial and operational strength, the company’s board deemed a special dividend, in conjunction with Razor’s share buyback plan, an appropriate next step in enhancing overall shareholder yield.

The dividend is considered an “eligible dividend” for tax purposes.

Razor started operations in the first quarter of 2017, through an acquisition of producing assets in the Swan Hills area. In the second quarter of 2017, Razor added to its base with the acquisition of complementary assets in the Kaybob area. Razor said it plans to concurrently grow Swan Hills and Kaybob, and execute on similar acquisitions and amalgamations.


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