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Shoreline Energy Announces Quarterly Dividend; Shares Lifted by 7%

Shoreline Energy Corporation (SEQ.TO) shares were lifted by more than 7% after the company announced that its Board of Directors has declared a C$0.20 dividend per share in accordance with the quarterly dividend policy.

The company expects to pay a sustainable dividend on a quarterly basis, provided that any decision to pay dividends on the common shares will be made by the Board of Directors on the basis of Shoreline's cash flow from operating activities, earnings, financial requirements, commodity price levels, legal requirements and other conditions existing at such future times.

SEQ is now trading at $6 a share with more than 163,000 shares changing hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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