5 Companies that Just Started Paying Dividends

3. Epsilon Energy Ltd. (NASDAQ:EPSN)

Dividend Yield as of March 2: 4.32%

Epsilon Energy Ltd. (NASDAQ:EPSN) is a Texas-based oil and natural gas company that is engaged in the development and acquisition of oil and gas reserves. On December 5, the company declared a quarterly dividend of $0.0625 per share, which fell in line with its previous dividend. It started paying dividends in February 2022.

In the third quarter of 2022, Epsilon Energy Ltd. (NASDAQ:EPSN) reported revenue of $21.2 million, which showed a 62% growth from the same period last year. The company’s free cash flow for the quarter came in at $11.2 million and its operating cash flow amounted to $13.7 million. It returned over $1.45 million to shareholders in dividends during the quarter.

The number of hedge funds tracked by Insider Monkey owning stakes in Epsilon Energy Ltd. (NASDAQ:EPSN) stood at 11 in Q4 2022, up from 10 in the previous quarter. The consolidated value of these stakes is over $33 million. Solas Capital Management was the company’s leading stakeholder in Q4.

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