Surge Energy Inc. confirmed that a cash dividend to be paid on February 15, 2023, in respect of January 2023 production, for the shareholders of record on January 31, 2023 will be $0.04 per share. The $0.04 per share dividend represents a 14% increase in the company's dividend, from $0.42 per share per year ($0.035 per share per month) to $0.48 per share per year ($0.04 per share per month). The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).