March 12 (Reuters) - CES Energy Solutions Corp CEU.TO :
* CES ENERGY SOLUTIONS CORP. ANNOUNCES STRONG 2019 RESULTS, PROVIDES UPDATE ON CAPITAL ALLOCATION AND DECLARES REDUCED CASH DIVIDEND
* CES ENERGY SOLUTIONS CORP - CES WILL PAY A CASH DIVIDEND OF $0.00125 PER COMMON SHARE ON APRIL 15, 2020
* CES ENERGY - SEVERITY OF LOW OIL PRICE ENVIRONMENT COULD HAVE SIGNIFICANT IMPACT ON CUSTOMERS' ACTIVITY LEVELS, PLANNED EXPENDITURES IN 2020 & BEYOND
* CES ENERGY - ALTERING CAPITAL ALLOCATION STRATEGY BY REDUCING DIVIDEND TO MAINTAIN STRONG BALANCE SHEET
* CES ENERGY - WILL PAY A CASH DIVIDEND OF $0.00125 PER COMMON SHARE ON APRIL 15, 2020
* CES ENERGY - ON AN ANNUALIZED BASIS, NEW DIVIDEND WOULD BE $0.015 PER COMMON SHARE REPRESENTING A 75% DECREASE FROM PREVIOUS ANNUALIZED LEVEL
* CES ENERGY - GIVEN SHARP DECLINE IN COMMODITY PRICES, CES EXPECTS WEAKENED UPSTREAM ACTIVITY ACROSS NORTH AMERICA AND DOWNWARD PRESSURE ON MARGINS