UPDATE: Calfrac Edges Higher After Board Approve Dividend Raise, Dividend Reinvestment Plan

Calfrac Well Services Ltd. (CFW.TO) edged up less than 1% to $26.90 from yesterday's $26.82 close, but has fell below today's $27.64 open, after announcing that its Board of Directors has approved a 33% increase to its semi-annual dividend from $0.075 to $0.10 per share, increasing the annual dividend to $0.20 per common share.

Its Board of Directors has also approved a Dividend Reinvestment Plan, which will allow shareholders to direct that cash dividends paid on all or a portion of their common shares be reinvested in additional common shares.

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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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