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Tourmaline Oil raises dividend for 2nd consecutive quarter

Tourmaline Oil Corp. announced Sept. 5 that its board declared a third-quarter cash dividend of 10 Canadian cents per common share for an increase of 11% over the second-quarter dividend of 9 Canadian cents per share, marking the second consecutive quarter that the Canadian oil and natural gas producer increased its quarterly dividend.

The dividend is payable on Sept. 28 to shareholders of record as of Sept. 14.