Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day — and sometimes more than that. While reporting second quarter results Thursday, ConocoPhillips informed investors that it will pay them $1.40 per share in a special dividend on October 14. For context, that’s almost three times its regular quarterly dividend of $0.46 — and shareholders get both the regular and the special payout. The shareholder reward comes after a full quarter of crude prices averaging around $100 a barrel. Similarly, Tourmaline Oil Corp. will reward its investors after a quarter of bumper natural gas prices with a C$2 per share special dividend on August 12 — worth roughly double a full year’s worth of its regular dividend payments. Its the third such special dividend from Tourmaline this year. The energy industry right now […]