Peyto Exploration & Development Corp. Announces Upcoming Dividend
Peyto Exploration & Development Corp. Announces Upcoming Dividend
Peyto Exploration & Development Corp. (TSX: PEY) has confirmed an important update regarding its shareholder benefits. The company will pay a monthly dividend of $0.11 per common share, a recognition of its ongoing commitment to return value to its investors. The scheduled payment date for this dividend is March 14, 2025, and it will be provided to shareholders who are on record by February 28, 2025.
Eligibility and Tax Considerations
This dividend payment is of particular interest as it is classified as an eligible dividend for Canadian income tax purposes. This status ensures that Canadian taxpayers can benefit from favorable tax treatment on the dividends they receive from Peyto, reinforcing the company's attractive investment proposition.
More Insights into Peyto
For those eager to learn more about Peyto Exploration & Development Corp. and its role in the energy sector, the official Peyto website serves as a valuable resource. It offers a wealth of information, including a monthly report that explores various operational aspects, highlights ongoing projects, and provides insights from the President and CEO. This transparency helps investors understand the company's strategies and performance in the ever-evolving energy market.
Contact Information for Inquiries
Shareholders and potential investors looking for additional information are encouraged to reach out directly. Jean-Paul Lachance, the President and Chief Executive Officer of Peyto, is available for inquiries via the following contact details:
Phone: (403) 261-6081
Fax: (403) 451-4100
Email: info@peyto.com
Understanding Peyto's Commitment
Peyto Exploration & Development Corp. remains dedicated to enhancing shareholder value, which is exemplified through its regular dividend payments. This consistent approach not only reflects the company's robust financial health but also its steadfast commitment to providing returns to its community of shareholders.
Frequently Asked Questions
What is the declared monthly dividend amount by Peyto?
The declared monthly dividend amount is $0.11 per common share.
When is the payment date for the upcoming dividend?
The payment date for the upcoming dividend is March 14, 2025.
Who is eligible to receive the dividend payment?
Shareholders of record by February 28, 2025, will be eligible to receive the dividend payment.
How does the dividend impact Canadian residents for tax purposes?
Dividends paid to Canadian residents are considered eligible dividends for income tax purposes, offering favorable tax treatment.
Where can I find more information about Peyto?
More information about Peyto Exploration & Development Corp. can be found on their official website, which includes regular reports and updates.
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