July 18, 2012 / 2:54 PM / 5 years ago

Just Energy shares rise as company confirms annual div

July 18 (Reuters) - Shares of Just Energy Group Inc recouped some of their losses made on Tuesday after the Canadian company said it had no plans of cutting its annual dividend.

Just Energy shares rose as much as 7 percent amid heavy volume on Wednesday morning after the company said it did not intend to cut its annual dividend from C$1.24 per share.

The company, which sells natural gas and electricity in Canada and Texas, also said that early results for fiscal 2013 have been consistent with its published forecast.

Just Energy shares had fallen more than 11 percent to C$10.36 on Tuesday. They were up 2 percent at C$10.56 on Wednesday on the Toronto Stock Exchange.

As many as 937,045 Just Energy shares had changed hands on the exchange by 1428 GMT, compared to the stock’s 30-day average volume of 314,348. (Reporting by Ankur Banerjee in Bangalore; Editing by Sreejiraj Eluvangal)

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