Natural gas and electricity retailer Just Energy (NYSE: JE ) announced today its monthly October dividend of $0.07 Canadian per share, the same rate it's paid for the past four months after cutting the payout 32% from $0.10333 Canadian per share in April.
The board of directors said the dividend is payable on October 31 to holders of record at the close of business on October 15. The energy retailer has made monthly payouts to investors under its current organization since 2011, but has been paying dividends to investors since 1997. The dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Just Energy also notes that U.S. and Canadian investors who own a minimum of 100 shares can avail themselves of the company's dividend reinvestment and share purchase plan.
The regular dividend payment equates to an $0.84 Canadian per share annual dividend, yielding 12.4% based on the closing price today of Just Energy's stock.