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Orca Energy Group Shares Surge Over 13% Following Special Dividend Announcement
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Orca Energy Group Shares Surge Over 13% Following Special Dividend Announcement
Sep 23, 2025 10:08 AM

12:52 PM EDT, 09/23/2025 (MT Newswires) -- Orca Energy Group (ORC-A.V) shares are up over 13% on Tuesday after declaring a $1.00 per share special dividend per Class A voting share and Class B subordinate voting share.

The dividend is payable on Oct.6 to shareholders of record on Sept.29.

The dividend is considered a special one-time payment that deviates from the company's typical schedule and payment plan of $0.10 per share.

"We are pleased to announce the upcoming payment of a dividend in October 2025, which is in addition to our regular quarterly dividend. This reflects the Company's strengthened cash position following significant progress made throughout the year on the collection of outstanding arrears," chief executive Jay Lyons said.

Shares of Orca Energy Group, a company engaged in natural gas exploration and development in Tanzania, were last seen up $0.50 to $4.10 on the TSX Venture Exchange.

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