Energy Services of America's Board of Directors declared a quarterly cash dividend of $0.03 per common share on November 20, 2024. This dividend is payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024.
This decision effectively doubles the company's annualized dividend payment from $0.06 to $0.12 per share. President Douglas Reynolds stated that the Board believes this increase demonstrates appreciation and commitment to shareholders.
The initiation of a quarterly dividend and the increase in the annualized payout signal the company's confidence in its financial health and future cash flow generation. This move provides a direct return of capital to investors.
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