Dividends

Dividend Policy

The declaration of cash and stock dividends will be determined on a quarter-by-quarter basis by the Board of Directors based on the sustainable cash flow and earnings of the Company. At this time, given the current uncertainty in the oilfield services sector, the Board has suspended the Company's quarterly dividend.

Dividend Taxation

The cash dividend qualifies as an eligible dividend pursuant to subsection 89(1) of the Income Tax Act (Canada) for Canadian income tax purposes. Shareholders should consult their tax advisors concerning the tax implications of their participation in the DRIP and SDP having regard to their particular circumstances.

Dividend History

Record Date Payment Date  Dividend Amount per Share
September 30, 2015 October 15, 2015 $0.0025
June 30, 2015 July 15, 2015 $0.005
March 31, 2015 April 15, 2015 $0.005
December 31, 2014 January 15, 2015
$0.0175
September 30, 2014 October 15, 2014 $0.0175
June 30, 2014 July 15, 2014 $0.0175
March 31, 2014 April 15, 2014 $0.01625
December 31, 2013 January 15, 2014 $0.01625
September 30, 2013 October 15, 2013 $0.01625
June 28, 2013 July 15, 2013 $0.01625
March 29, 2013 April 15, 2013 $0.01625
December 31, 2012 January 15, 2013 $0.01625
September 28, 2012 October 15, 2012 $0.01625
June 29, 2012 July 13, 2012 $0.0325

Dividend Reinvestment Plan ("DRIP")

Dividend Reinvestment Plan.pdf

Stock Dividend Program ("SDP")

Stock Dividend Program.pdf

DRIP/SDP Enrollment Form

DRIP-SDP Enrollment Form.pdf‎

DRIP and SDP Frequently Asked Questions

DRIP-SDP Frequently Asked Questions.pdf