Petrus Resources Announces $0.01 Monthly Dividend for Shareholders
Petrus Resources Announces Monthly Dividend for Shareholders
Petrus Resources Ltd. is delighted to inform its shareholders of an exciting development regarding dividends. The company's Board of Directors has officially declared a monthly dividend of $0.01 per share. This payment is scheduled for October 31, 2024, ensuring that all shareholders on record by October 15, 2024, will receive this amount.
Understanding the Dividend Payment
Dividends are an essential component of an investment, offering shareholders a share of the company's profits. For Petrus Resources, this monthly dividend marks a commitment to delivering consistent returns to its investors. Notably, this dividend is classified as an eligible dividend, which carries favorable tax treatment for Canadian income tax purposes. This means shareholders can benefit from reduced tax liabilities, enhancing their overall returns from this investment.
Company Overview
Petrus Resources Ltd. is a dynamic entity in the Canadian oil and gas sector. Based in Alberta, the company is focused on optimizing its properties through strategic exploitation and carefully managed acquisitions. This commitment to risk-managed exploration highlights Petrus's dedication to creating value for its shareholders while navigating the complexities of the oil and gas industry.
Leadership at Petrus Resources
Leading the charge at Petrus is President and Chief Executive Officer Ken Gray. With a wealth of experience in the industry, he is committed to steering the company toward sustainable growth and profitability. Under his leadership, Petrus Resources aims to explore new opportunities and optimize existing assets, fostering shareholder confidence.
Contact Information
For further details or inquiries related to this announcement, investors and interested parties can reach out directly to Ken Gray at the company. His contact number is 403-930-0889, and he is also available via email at kgray@petrusresources.com. Engaging with the company's leadership highlights the transparency and accessibility Petrus Resources upholds.
Future Perspectives
As the oil and gas sector continues to evolve, companies like Petrus Resources are positioning themselves strategically to adapt and thrive. The announcement of a monthly dividend not only reflects Petrus's financial health but also underscores its long-term vision. Investors can anticipate further updates on operational progress and financial performance as the Company continues to enhance its operational framework.
Frequently Asked Questions
1. What is the declared monthly dividend amount by Petrus Resources?
Petrus Resources has declared a monthly dividend of $0.01 per share.
2. When will the dividend be paid?
The dividend is scheduled to be paid on October 31, 2024.
3. Who qualifies for the dividend payment?
Shareholders of record as of October 15, 2024, will qualify for the dividend payment.
4. How does this dividend benefit shareholders?
This dividend provides shareholders with a share of the company's profits and is tax advantageous for Canadian taxpayers.
5. Who can I contact for more information about Petrus Resources?
For more information, you can contact Ken Gray, President and CEO, at 403-930-0889 or via email at kgray@petrusresources.com.
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