epsilon energy ltd on thursday said its board approved the initiation of a quarterly dividend with a 625cent payout and authorized the repurchase of up to 8 million in stock the new dividend equates to 25 cents a year for an annual yield of around 43 based on thursdays trading price of 580 the houston naturalgas producer said the oneyear buyback begins march 8 and covers up to 118 million shares or 5 of its shares outstanding for an aggregate purchase price not to exceed 8 million epsilon said the initial dividend is payable march 31 to shareholders of record march 8