A gas plant in the middle of a large forest.

Base Dividend

Tourmaline’s current quarterly base dividend payment is as follows:

March 2, 2022

Declaration date

March 15, 2022

Record date

March 31, 2022

Payment date

$0.20

Amount (C$ per common share)

Special Dividend

Tourmaline’s current special dividend payment is as follows:

May 4, 2022

Declaration date

May 12, 2022

Record date

May 19, 2022

Payment date

$1.50

Amount (C$ per common share)

Eligibility of Dividends for Canadian Tax Purposes
All dividends paid by Tourmaline are designated as “eligible dividends” for Canadian tax purposes. This designation will apply until a notification of a change is posted on this website.

Two gas plant workers walk between large tanks on a walkway with yellow railings.

Hedging Summary

The Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to market conditions and the Company’s activities.  As part of its approach to risk management, the Company has entered into certain financial derivative contracts in order to manage commodity risk.