1/15/2024 0 Comments Torchlight energy dividend payout![]() ![]() IMO, this would be a good time to enter since there was a huge sell off this week. Luckily, they haven't released the close date yet so you can still buy for the dividend. This indicator is about the same for the Energy average (which is currently at 0.0) sector and about the same as Oil & Gas E&P (which currently averages 0.0) industry. Special Dividends are usually a one time deal and if you don't buy the stock before the close date you miss out. Let’s dive into the reason June 30 may be a big date TRCH investors will want to mark on their calendar. Competition Based on the recorded statements, META MATERIALS INC has a Last Dividend Paid of 0.0. At least, according to what the market believes it’s worth. Late Monday, the company stated the special dividend would be issued on a one-for-one basis to common stockholders as of the close of market trading on June 24. Without this $1-$20 extraneous valuation bump, TRCH is likely trading where it should be. Thus, most of the recent volatility we’ve seen in TRCH is related to this company trading ex-dividend the past few days. Source: Shutterstock Now, investors who have held through this uncertainty are still up. That said, a massive range of between $1 per share and $20 per share has been discussed. Shares went from around 3.50 to nearly 11, falling back down to the 5 level of late. The range of what this dividend could be appears to be still up in the air. This dividend will be paid out to shareholders of record, as of June 22. 0. The Company expects to close the Arrangement no later than June 30 th, 2021. This combination of meme stock hysteria and merger excitement helped drive this stock in recent weeks.Īdditionally, as a result of the merger, Torchlight announced investors will receive a special dividend of its Series A Preferred Stock. The payment date for the Series A Preferred Stock dividend will be June 25 th. Indeed, retail investors have jumped on this stock prior to the announcement, spurring additional interest in Torchlight. Shareholders approved the deal on June 11, and Torchlight is set to become a much larger entity in short order as a result. (NASDAQ:TRCH) shares moved higher Tuesday after the company declared a special dividend of Series A preferred stock. The company’s highly touted merger with Metamaterial (OTCMKTS: MMATF) has driven most of the excitement in this stock. 15, 2021, 12:38 PM Torchlight Energy Resources Inc. Last Updated: J11:21 am After markets closed on Friday, Torchlight Energy announced that it had paid shareholders its promised special dividend of one share of Series A preferred. And many of the reasons for this volatility appear to still exist, painting a rather interesting picture for how this stock will perform over the near term. However, this kind of volatility is stomach-churning. ![]() Now, investors who have held through this uncertainty are still up. ![]()
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