Investors
Generating free cash flow growth while paying reliable and sustainable dividends to shareholders
Topaz is led by a strong, creative management team that draws from its unique industry experience to create a modern hybrid company focused on growth, sustainability and delivering strong financial performance.
Annual Meeting Materials
Corporate Presentation
Dividends
Topaz's dividend policy undergoes a quarterly review by the Board of Directors and is subject to change at any time depending upon the earnings of the Company, its financial requirements and other factors existing at the time.
Topaz's history on dividend payments is as follows:
March 31, 2020: $0.20
June 30, 2020: $0.20
September 30, 2020: $0.20
December 31, 2020: $0.20
March 31, 2021: $0.20
June 30, 2021: $0.20
September 30, 2021: $0.21
December 31, 2021: $0.24
March 31, 2022: $0.26
June 30, 2022: $0.26
September 29, 2022: $0.28
December 30, 2022: $0.30
March 31, 2023: $0.30
June 30, 2023: $0.30
September 29, 2023: $0.31
December 29, 2023: $0.31
March 28, 2024: $0.32
June 28, 2024: $0.32
September 27, 2024: $0.33
Dividend Tax Information
This summary is of a general nature only and is not intended to be nor should it be construed to be legal or tax advice to any particular shareholder. Shareholders are encouraged to consult their own tax advisors regarding the tax consequences and reporting obligations to them of receiving cash dividends.
Canadian Resident Individual Shareholders
Unless otherwise indicated, dividends paid by Topaz will be designated as βeligible dividendsβ for Canadian income tax purposes, unless otherwise noted. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend credit. If you have any questions regarding the taxation of eligible dividends, please contact a tax advisor or the Canada Revenue Agency.
Non-Resident Shareholders
Shareholders who are not residents of Canada for income tax purposes are encouraged to consult a tax advisor in their country of residence regarding the taxation of Canadian dividends. Dividends paid to non-residents of Canada are subject, on the date of payment, to a withholding tax of 25%, as prescribed by the Income Tax Act (Canada). This withholding tax may be reduced in accordance with reciprocal tax treaties. U.S. shareholders who are non-residents of Canada and hold their Topaz common shares in a taxable US account will be subject to Canadian withholding tax. The withholding tax rate is 25%; however, the CanadaβU.S. Income Tax Treaty generally reduces the withholding rate on dividends to 15%.
United States Shareholders
In consultation with Topaz's U.S. tax advisors, we believe Topaz may be classified as a passive foreign investment company (βPFICβ) under United States federal income tax. As such, dividends to taxable individual shareholders who are United States taxpayers may be subject to the regimes of United States federal income taxation applicable to PFICs.
Shareholders who are United States taxpayers should discuss with their tax advisors the reporting requirements with respect to owning shares in a PFIC. In order to allow shareholders the ability to make a Qualified Electing Fund election, on an annual basis Topaz will provide a PFIC Annual Information Statement on its corporate website. Shareholders should contact their own tax advisors for information on correctly completing Form 8621.
Analyst Coverage
Analysts currently provide research coverage on Topaz Energy. Opinions, estimates or forecasts regarding Topaz's performance made by these analysts are not the opinions, estimates or forecasts of Topaz Energy. The list below is provided only as a convenience, for information purposes only and is subject to change.
Jamie Kubik
CIBC World MarketsJeremy McCrea
BMO Capital MarketsCam Bean
ScotiabankDan Payne
National Bank FinancialTyler Reardon
Peters & Co.Michael Harvey
RBC Capital MarketsMike Mueller
Canaccord GenuityLuke Davis
Raymond JamesJeffrey Craig
Veritas Investment ResearchChris MacCulloch
Desjardins Securities Inc.Aaron Bilkoski
TD Securities Inc.Patrick O'Rourke
ATB Capital MarketsJeoffrey Lambujon
Tudor Pickering Holt & CoAnthony Linton
Jefferies Securities Inc.
Q3 2024 Results
2024-11-04After market close
Q2 2024
2024-07-29Q2 2024 Call Playback:
http://playback.conferenceconsole.com/recordings/rec21234363_20240730104244.mp32024 Annual Shareholder Meeting
2024-05-029:00 AM MST, Calgary Petroleum Club (now to be held in McMurray Room)
Q1 2024 Results
2024-04-29Q1 2024 Call Playback:
http://playback.conferenceconsole.com/recordings/rec12063827_20240430101212.mp3Q4 2023 Results
2024-03-04After market close
Conference Call - Tuesday March 5, 2024 Playback: http://playback.conferenceconsole.com/recordings/rec66142057_20240305100802.mp3Q3 2023 Results
2023-10-30After market close
Conference Call - October 31, 2023 Playback: http://playback.conferenceconsole.com/recordings/rec52087367_20231031072259.mp32023 Annual Shareholder Meeting
2023-06-149:00 AM (MST)
Calgary Petroleum Club (McMurray Room)
319 5th Avenue SW, Calgary, AlbertaQ2 2023 Results
2023-07-31After market close
Conference Call - August 1, 2023 Playback: http://playback.conferenceconsole.com/recordings/rec76435486_20230801103005.mp3Q1 2023 Results
2023-05-01After market close
Conference Call - May 2, 2023 9AM MST Playback: http://playback.conferenceconsole.com/recordings/rec89886273_20230502103812.mp3Q4 2022 Results
2023-02-28After market close
Conference Call - March 1, 2023 9AM MST Playback: http://playback.conferenceconsole.com/recordings/rec47368111_20230301103218.mp3Q3 2022 Results
2022-11-01After market close
Conference Call - November 2, 2022 9AM MST
Q3 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec35321397_20221102102734.mp3Q2 2022 Results
2022-07-26After market close
Conference Call - July 27, 2022 9AM MST
Q2 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec09649241_20220727095809.mp32022 Annual Meeting of Shareholders
2022-06-169:00 AM (MST)
Calgary Petroleum Club (McMurray Room)
319 5th Avenue SW, Calgary, AlbertaQ1 2022 Results
2022-05-03After market close
Conference Call - May 4, 2022 9AM MST
Q1 2022 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec13611719_20220504101942.mp3Q4 2021 Results
2022-03-01After market close
Conference Call - March 2, 2022 9AM MST
Q4 2021 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec40291211_20220302101859.mp3Q3 2021 Results
2021-11-04After market close
Conference Call - November 5, 2021 9AM MST
Q3 2021 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec49622828_20211105104103.mp3Q2 2021 Results
2021-07-29After market close
Conference Call - July 30, 2021 9AM MST
Q2 2021 Conference Call Playback: playback.conferenceconsole.com/recordings/rec14446806_20210730104544.mp32021 Annual & Special Meeting of Shareholders (Virtual)
2021-06-23https://web.lumiagm.com/265325039
Q1 2021 Results
2021-05-06After market close
Conference Call - May 7, 2021 9AM MST
Q1 2021 Conference Call Playback: Β http://playback.conferenceconsole.com/recordings/rec79413805_20210507102847.mp3Q4 2020 Results
2021-03-17After market close
Conference Call - March 18, 2021 9AM MST
Q4 2020 Conference Call Playback: http://playback.conferenceconsole.com/recordings/rec26428688_20210318103551.mp3