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.
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 |