Total Energy Services to Lift Quarterly Dividend 20%

Dow Jones01-13
 

By Robb M. Stewart

 

Total Energy Services plans to boost its dividend payout 20% this quarter.

The provider of drilling and transportation services for energy companies in North America and Australia said Tuesday its board approved lifting the dividend to 12 Canadian cents a share (8.6 U.S. cents), beginning the quarter ended March 31.

The new payout, equal to C$0.48 a year, represents an annual yield of about 3.1% based on Monday's closing price of C$15.37.

Total Energy has set a preliminary capital budget for 2026 of C$55.8 million, which includes C$34.8 million of maintenance capital and C$21 million of growth capital.

The company said it intends to finance the spending program with cash on hand as well as cash flow from operations.

In addition, about C$24.5 million of the company's 2025 capital expenditure commitments will carry into 2026.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

January 13, 2026 08:24 ET (13:24 GMT)

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