Oil and gas companies are so flush with profits from the high prices for their products they are paying out an entire year’s worth of dividends in a single day to their investors, and sometimes even more than that.

ConocoPhillips reported that it will be paying investors $1.40 per share as a special dividend October 14th. That is nearly three times the normal quarterly dividend of $0.46, and shareholders will receive both payments.

Likewise, Tourmaline Oil Corp said that due to the boom in natural gas prices, it will award a C$2 per share special dividend, which is roughly double an entire year’s worth of regular dividends. It is the third time Tourmaline has offered such a dividend this year.

Rafi Tahmazian, a senior portfolio manager at Canadian investment firm Canoe Financial said, the energy industry is like a “broken ATM spewing out cash and there aren’t enough people around to pick it up.”

Tahmazian says he expects such cash windfalls will drive investors to flood into the energy sector, and this may even affect stock performance this year.

So far this year, with rising oil prices, debt-repayment, and share buybacks, the S&P 500 Energy Index is up 31% year to date, which is 44% above the broader S&P 500 Index.

And even more companies are taking part in the dividends. Canadian Natural Resources reported a special dividend of C$1.50 per share, or double the company’s normal quarterly dividend, coming to investors on Aug. 31. EOG Resources Inc. announced a special dividend of $1.50 per share — double the normal quarterly dividend — being paid on Sept. 29.

Canoe’s Tahmazian says that at this point, companies paying dividends have clearly set themselves apart from their peers, and, “The distributors have mostly shown their colors.”