EDMONTON – Oilfield services company McCoy Corp. (TSX:MCB) has increased its quarterly dividend to shareholders by three cents to five cents per share.
The company said Friday the June 15 payment will be made to shareholders of record on May 31.
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The stock will have an annual yield of about 5.7 per cent based on its price on Friday.
McCoy has nearly 700 employees and provides rig parts, well completion equipment, pipeline and industrial services as well as trailers, crane equipment and other materials to oil and gas drillers.
The company operates in Western Canada and the U.S. Gulf Coast.
Shares in the company were up a penny at $3.50 on the Toronto Stock Exchange on Friday.
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