Peyto Exploration Welcomes New Changes and Dividend Update
Peyto Exploration & Development Corp. Announces Changes
In a significant update, Peyto Exploration & Development Corp. (TSX: PEY) has announced an important change in its board as well as a confirmation of its monthly dividend. The company shared the news amid growing excitement among investors and stakeholders.
Director Retirement Announcement
Michael (Mick) MacBean will be retiring from the board of Peyto, effective immediately. With over 20 years of dedicated service, Mick has played an integral role in shaping the company’s strategic direction. His contributions as lead independent director and chair of both the audit and compensation committees have been invaluable. The company expressed its gratitude for Mick's leadership and wishes him well in his future endeavors.
Confirmation of Monthly Dividend
Peyto has confirmed that a monthly dividend of $0.11 per common share will be distributed on July 15, 2025. This dividend pertains to shareholders on record as of June 30, 2025. The dividend payments to Canadian residents qualify as eligible dividends for Canadian income tax purposes. This affirmation underscores Peyto's commitment to delivering value to its shareholders.
Gratitude for Board Contributions
As members of the Peyto board and management reflect on Mick's extensive commitment, they also look towards future opportunities. It's important to recognize how the company’s strategies, including the Total Shareholder Return Rights Plan designed by Mick, are rooted in forward-thinking principles meant to enhance shareholder value.
Engagement with Shareholders
Peyto encourages its shareholders and interested investors to visit its website to access a wealth of information about the company's operations and performance. It includes a monthly report crafted by the President and CEO, highlighting topics of interest and projections on capital expenditures and production estimates.
Contact Information
For further inquiries, investors and stakeholders can reach out to:
Jean-Paul Lachance
President and Chief Executive Officer
Phone: (403) 261-6081
Fax: (403) 451-4100
Email: info@peyto.com
Frequently Asked Questions
What is the significance of Mick MacBean's retirement?
Mick MacBean's retirement marks the end of a significant chapter for Peyto, as he has contributed over 20 years to the company's strategic direction and governance.
What will happen to the dividend after July 2025?
The recent announcement ensures that the monthly dividend will continue for shareholders; however, future dividends are subject to the company’s performance and board decisions.
How can I find more information about Peyto?
Investors can visit the Peyto website for detailed reports and updates about the company’s performance and strategic initiatives.
Who should I contact for further inquiries?
For inquiries, you can contact Jean-Paul Lachance, the President and CEO of Peyto, at the provided phone number or email address.
What makes Peyto stand out in the energy sector?
Peyto Exploration is recognized for its innovative approaches and strategies aimed at maximizing shareholder value while navigating market challenges.
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