Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has declared a dividend, of 0.25p per share, to be paid on 26 July.
The ex-dividend date is set as 4 July, followed by a record date of 5 July.
The financial position of Union Jack remains strong, especially with the additional revenues from the company's assets in the USA,” it said, “following a review of the company's capital requirements, notwithstanding an extended and dynamic drilling programme in the USA, the board has decided it is appropriate to make a further distribution to shareholders.”