Petrus Resources Announces Monthly Dividend for Shareholders
CALGARY, Alberta — Petrus Resources Ltd. is excited to inform its shareholders about the recent decision made by its Board of Directors to declare a monthly dividend. This dividend will amount to $0.01 per share and is set to be payable to shareholders, marking an important financial update for investors interested in the company.
Key Details of the Dividend Declaration
The dividend payment is scheduled for August 29, with the record date established as August 15. A key insight for shareholders is that this dividend is categorized as an eligible dividend, which has implications for income tax purposes in Canada.
Understanding the Dividend Reinvestment Plan
Petrus Resources also offers a Dividend Reinvestment Plan (DRIP), an advantageous program designed for eligible shareholders. This plan allows shareholders to reinvest their cash dividends into additional shares of the company, promoting long-term investment growth. Notably, those participating in the DRIP can acquire shares at a 3% discount from the current market price, making it an attractive option.
Participation Guidelines for the DRIP
For shareholders wishing to enroll in the DRIP, it is important to adhere to specific guidelines. Registered shareholders are required to submit a completed enrollment form to Odyssey Trust Company before the deadline of 4:00 p.m. Calgary time on the fifth business day leading up to the dividend record date. Beneficial shareholders, or those who hold their shares through a broker, should consult their financial institution to ensure they receive proper instructions for participation.
Resources Available for Shareholders
Shareholders can access the full details of the DRIP on the official website of Petrus Resources. Additionally, information and enrollment forms can also be found on Odyssey's website. For any queries regarding the DRIP, shareholders are encouraged to reach out to Odyssey Trust Company at 1-888-290-1175 for North America toll-free assistance or 1-587-885-0960.
About Petrus Resources
Petrus Resources is a publicly traded Canadian oil and gas enterprise focused on the exploitation of properties, strategic acquisitions, and carefully managed exploration endeavors mainly in Alberta. The company's commitment to sustainable and profitable operations positions it as a major player in the industry.
Contact Information for Further Inquiries
Shareholders and interested investors can get in touch with the company for more detailed information about its operations and future plans. Ken Gray, the President and Chief Executive Officer, can be reached at 403-930-0889, and inquiries via email are also welcomed at kgray@petrusresources.com.
Frequently Asked Questions
What is the amount of the declared dividend by Petrus Resources?
The declared dividend is $0.01 per share, payable to shareholders.
When will the dividend payment occur?
The dividend payment is scheduled for August 29.
What is the purpose of the Dividend Reinvestment Plan (DRIP)?
The DRIP allows shareholders to reinvest their dividends into additional shares at a discount, promoting investment growth.
How can I participate in the DRIP?
To participate, registered shareholders must complete and submit an enrollment form to Odyssey Trust Company by the specified deadline.
Who can I contact for more information about the DRIP?
Shareholders can contact Odyssey at 1-888-290-1175 for more information regarding the DRIP.
