Tourmaline declares CAD 0.50 dividend for Tourmaline stock
Published on 10/01/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tourmaline declared a quarterly base dividend of CAD 0.50 per common share for September 2026, according to the Tourmaline Oil investor page. The dividend was payable on September 29, 2026, giving the capital-return policy a concrete cash figure as the company prepares for its next earnings release.
Dividend sets the cash-return floor
The dividend declaration followed a September 22, 2026 announcement covering a CAD 287.5 million sale of Topaz shares and a planned share-repurchase program, as MarketScreener reported. The combination links portfolio monetization with shareholder distributions rather than relying on the base dividend alone.
That policy matters against the latest operating comparison. In the second quarter of 2026, revenue was CAD 1.36 billion, up from CAD 1.08 billion in the second quarter of 2025, while net profit fell from CAD 514.59 million to CAD 184.43 million, according to Markets Insider on September 23, 2026. Revenue growth therefore came with a substantially lower profit base, making cash flow, commodity prices and capital allocation important measures for the next report.
Analyst target remains above Toronto price
On September 23, 2026, CIBC analyst Jamie Kubik maintained a Buy rating and a CAD 72.50 price target, according to Markets Insider. The same report cited a Moderate Buy consensus with an average target of CAD 68.19, while the September 30 Toronto quote was CAD 60.90.
MarketBeat reported on September 25, 2026 that ten analysts carried a Moderate Buy consensus and an average 12-month target of CAD 70.36. The Toronto quote stood below the CAD 70.57 52-week high and above the CAD 57.95 low, leaving the range as a useful counterweight to target-based optimism.
Tourmaline stock and the next report
Tourmaline stock was trading at EUR 3.28 at Lang & Schwarz on October 1, 2026 at 1:01 p.m. CEST, unchanged versus the prior close of EUR 3.28. On the TSX, the stock was last at CAD 60.90 on September 30, 2026 at 4:00 p.m. ET, with a market capitalization of CAD 23.6 billion and a 52-week range of CAD 57.95 to CAD 70.57.
Tourmaline's next earnings release is scheduled for November 4, 2026, according to MarketScreener. That report will test whether the stronger revenue base can translate into improved profit and support the company's dividend and repurchase plans.
Tourmaline Oil market data
- Company: Tourmaline Oil Corp.
- Ticker: TOU
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 1, 2026, 1:01 p.m. CEST): EUR 3.28
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 3.28
- Market capitalization: CAD 23.6 billion (as of September 30, 2026)
- 52-week range: CAD 57.95-CAD 70.57 (as of September 30, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 4, 2026
