#Torchlight energy special dividend pro
#Torchlight energy special dividend free

Asset quality remained strong non-performing loans were just 0.83% of total loans and FULT had a low net charge-off rate of 0.07%.įulton Financial's earnings per share (EPS) rose 50% in 2021, fueled by strong gains on investments. However, net interest margins declined modestly due to lower yields. The bank's average interest-earning assets rose 8.4% in 2021 to $24.4 billion and average interest-bearing deposits increased. It plans to grow profits by expanding its footprint in urban markets like Baltimore and Philadelphia, consolidating and upgrading its branch network and improving its efficiency ratio. The bank offers residential and commercial mortgages, wealth management and a variety of other banking services to businesses and retail customers.įulton Bank has delivered steady single-digit growth in both loans and deposits since 2017. Most recent annualized dividend (per share): $0.56įulton Financial ( FULT, $18.57) owns Fulton Bank, a regional bank with $26 billion in assets that operates approximately 200 branch locations across Pennsylvania, Maryland, Delaware, Virginia and New Jersey.Most recent 12-month special dividend (per share): $0.08.

#Torchlight energy special dividend free

What's more, many of the names featured here boast sizable and increasing free cash flows, fortress-like balance sheets and steadily rising regular dividends. Not only did these firms reward shareholders with bonus payouts last year, but they have also paid frequent special dividends in the past. Here are 10 standout companies that paid special dividends in 2021. The combo of fixed-plus-variable dividend (which combines a fixed dividend payment along with a variable dividend that is adjusted based on market conditions) creates a gift to shareholders mostly ignored by financial databases, which count only regular dividends to calculate yield. Special dividends fueled by extraordinary earnings are especially attractive to investors since these tend to occur more frequently and are often paired with a rising regular dividend. These special payments are sometimes triggered by windfalls from an unusual event such as an asset sale, but more commonly occur when the company's earnings are exceptionally strong and the firm has more cash than it needs to fund its business.

He took up this role in December 2012 after the departure of co-founder Tom Lapinski.Special dividends are unscheduled one-time cash rewards companies pay to their shareholders – and they are icing on the cake for income investors.

The company is led by its president, CEO, secretary, and director John Brda.

It joined the public market in November 2010 after completing its initial public offering (IPO).

Torchlight Energy was founded in October 2007.

TRCH currently has projects underway in the Midland Basin, Orogrande Basin, and the Delaware Basin.

It holds interests in Texas, including the Permian Basin and the Eagle Ford Shale.

The company’s main focus is on the “acquisition and development of highly profitable domestic oil fields.”.

It has a total of four full-time employees. Torchlight Energy is an oil and gas exploration and production company based out of Plano, Texas.is expected to close before the end of June.

#Torchlight energy special dividend pro

Holders of Series A Preferred Stock will be entitled, on a pro rata basis, to any future net proceeds or other potential benefits derived from the disposition of the oil and gas assets of Torchlight, subject to certain holdbacks. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight’s common stock after the record date but before the dividend is paid). This Special Dividend is to be issued in connection with the previously announced business combination transaction with Metamaterial, Inc.