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CALGARY - Gibson Energy Inc. (TSX:GEI) announced Monday that its Board of Directors has approved a quarterly dividend of $0.43 per common share, maintaining its attractive 5.22% yield. The dividend will be payable on October 17, 2025, to shareholders of record at the close of business on September 30, 2025. According to InvestingPro, the company has maintained dividend payments for 15 consecutive years, with increases in the last 5 years.
The company noted in its press release statement that the dividend is designated as an eligible dividend for Canadian income tax purposes. Non-resident shareholders will be subject to Canadian withholding tax.
Gibson Energy is a liquids infrastructure company with operations across North America. Its principal businesses include storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading.
The company maintains core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson Energy is headquartered in Calgary, Alberta, and its shares trade on the Toronto Stock Exchange under the symbol GEI.
In other recent news, Gibson Energy reported its first-quarter 2025 earnings, exceeding earnings per share (EPS) expectations with an actual EPS of $0.2744, compared to the forecasted $0.2575. Despite this positive result, the company reported revenue of $2.75 billion, falling short of the anticipated $2.95 billion. Jefferies recently upgraded Gibson Energy’s stock from Hold to Buy, raising its price target to C$28.00. The investment bank highlighted the company’s growth potential, particularly at its South Texas Gateway crude export facility. Conversely, TD Securities downgraded Gibson Energy from Buy to Hold, despite increasing its price target to C$25.00. This decision was based on the firm’s view that the previously anticipated value recognition had already materialized. These developments reflect varying analyst perspectives on Gibson Energy’s future growth and valuation.
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