Current Monthly Dividend

Ex-Dividend Date:

October 30, 2017

Dividend Record Date:

October 31, 2017

Dividend Payment Date:

November 15, 2017

Dividend Rate: $0.02

Dividend History

FILTER BY YEAR
2017
Ex-Dividend DateDividend Record DateDividend Payment DateDividend RateDividend Reinvestment Price
September 28, 2017September 30, 2017October 16, 2017$0.026.0596
August 29, 2017August 31, 2017September 15, 2017$0.025.4001
July 27, 2017July 31, 2017August 15, 2017$0.02$5.44
June 28, 2017June 30, 2017July 17, 2017$0.02$5.00
May 29, 2017May 31, 2017June 15, 2017$0.02$5.13
April 26, 2017April 30, 2017May 15, 2017$0.02$6.11
March 29, 2017March 31, 2017April 17, 2017$0.02$6.80
February 24, 2017February 28, 2017March 15, 2017$0.02$6.70
January 27, 2017January 31, 2017February 15, 2017$0.02$7.20
2016

Ex-Dividend DateDividend Record DateDividend Payment DateDividend RateDividend Reinvestment Price
28-Dec-1631-Dec-1616-Jan-17$0.02$7.26
28-Nov-1630-Nov-1615-Dec-16$0.02$7.92
27-Oct-1631-Oct-1615-Nov-16$0.02$7.22
28-Sep-1630-Sep-1617-Oct-16$0.02$7.88
29-Aug-1631-Aug-1615-Sep-16$0.02$7.43
27-Jul-1631-Jul-1615-Aug-16$0.02$7.38
28-Jun-1630-Jun-1615-Jul-16$0.02$7.55
27-May-1631-May-1615-Jun-16$0.02$8.33
27-Apr-1630-Apr-1616-May-16$0.02$7.88
29-Mar-1631-Mar-1615-Apr-16$0.02$7.88
25-Feb-1629-Feb-1615-Mar-16$0.02$6.78
27-Jan-1631-Jan-1616-Feb-16$0.05$4.73

2015
Ex-Dividend DateDividend Record DateDividend Payment DateDividend RateDividend Reinvestment Price
29-Dec-1531-Dec-1515-Jan-16$0.05$4.06
26-Nov-1530-Nov-1515-Dec-15$0.05$4.75
28-Oct-1531-Oct-1516-Nov-15$0.05$6.34
28-Sep-1530-Sep-1515-Oct-15$0.05$7.11
27-Aug-1531-Aug-1515-Sep-15$0.05$5.53
29-Jul-1531-Jul-1517-Aug-15$0.05$6.39
26-Jun-1530-Jun-1515-Jul-15$0.05$7.74
27-May-1531-May-1515-Jun-15$0.05$8.85
28-Apr-1530-Apr-1515-May-15$0.05$9.39
27-Mar-1531-Mar-1515-Apr-15$0.05$10.02
25-Feb-1528-Feb-1516-Mar-15$0.05$9.22
28-Jan-1531-Jan-1517-Feb-15$0.05$8.98
2014
Ex-Dividend DateDividend Record DateDividend Payment DateDividend RateDividend Reinvestment Price
29-Dec-1431-Dec-1415-Jan-15$0.05$6.58
26-Nov-1430-Nov-1415-Dec-14$0.05$7.00
29-Oct-1431-Oct-1417-Nov-14$0.05$10.29
26-Sep-1430-Sep-1415-Oct-14$0.05$10.23
27-Aug-1431-Aug-1415-Sep-14$0.05$13.41
29-Jul-1431-Jul-1415-Aug-14$0.05$12.97
26-Jun-1430-Jun-1415-Jul-14$0.05$13.33
28-May-1431-May-1416-Jun-14$0.05$14.20
28-Apr-1430-Apr-1415-May-14$0.05$12.61
27-Mar-1431-Mar-1415-Apr-14$0.05$12.30
26-Feb-1428-Feb-1417-Mar-14$0.05$10.62
29-Jan-1431-Jan-1418-Feb-14$0.05$9.73
2013
Ex-Dividend DateDividend Record DateDividend Payment DateDividend RateDividend Reinvestment Price
27-Dec-1331-Dec-1315-Jan-14$0.05$9.79
27-Nov-1330-Nov-1316-Dec-13$0.04$9.75
29-Oct-1331-Oct-1315-Nov-13$0.04$9.47
26-Sep-1330-Sep-1315-Oct-13$0.04$8.35

Share Dividend Plan

Effective September 2013 TORC will pay cash dividends in Canadian dollars on a monthly basis as and when determined by the Board of Directors. In addition, TORC has implemented a Share Dividend Plan to enable shareholders to elect to receive dividends in the form of additional TORC Shares rather than cash. The number of TORC Shares to be issued to a participant in the Share Dividend Plan will be calculated each month using the cash value of dividends payable divided by the weighted average market price for the 5 trading days before the payment date. All fees associated with the Share Dividend Plan will be paid by TORC. Participation in the Share Dividend Plan is optional and Shareholders will continue to receive dividends declared by the Board of Directors in the form of cash unless they elect to participate in the Share Dividend Plan.

If you are a Registered Shareholder, meaning that your Shares are registered in your own name in the TORC Register of Shareholders and you hold a physical share certificate, and you wish to enroll in the Share Dividend Plan for a particular dividend to be paid by TORC you must deliver a completed Authorization Form to Computershare Trust Company of Canada before 4:30 PM (Calgary time) on the fourth business day immediately preceding a declared dividend record date.

If you are a Beneficial Shareholder, meaning that you hold your Shares through a broker, investment dealer, financial institution, or other nominee, and you wish to enroll in the Share Dividend Plan, please contact the broker, investment dealer, financial institution or other nominee that holds your Shares to provide instructions regarding your enrollment in the Share Dividend Plan.

Unless otherwise indicated, common share dividends paid by TORC Oil & Gas Ltd. will be designated as “eligible dividends” for income tax purposes and thus qualify for the enhanced gross up dividend tax credit rules normally applicable to taxable dividends received from taxable Canadian corporations.

Please review the following documents for details regarding the Share Dividend Plan.

Dividend Glossary

  • Ex-Dividend Date:
    If the dividend record date is a business day, the ex-dividend date is two business days prior to the record date. If the dividend record date is not a business day, the ex-dividend date is the third business day preceding the non-business day. Shareholders who have purchased their shares prior to the ex-dividend date will receive the dividend paid in the following month.
  • Dividend Record Date:
    Shareholders on record by this date will qualify for the next dividend. To be a shareholder on record by this date, investors must have purchased their shares by the ex-dividend date so enrolment information has time to reach Computershare Trust Company of Canada. For TORC, the dividend record date is typically the last day of the month.
  • Payment Date:
    The effective date that the company pays the dividend to shareholders (or the investment institution on their behalf). Normally, this occurs on the 15th of each month, however, if that date falls on a weekend or holiday the payment date will be the first business day following the 15th.