Petrus Resources Declares Monthly Dividend
Petrus Resources Ltd. (TSX: PRQ) has recently declared a monthly dividend of $0.01 per share. Shareholders can expect this dividend to be payable at the end of December, making a positive move for its investors.
Dividend Payment and Eligibility
The Board of Directors has established December 30, 2025, as the payment date for the declared dividend. Shareholders who are on record by December 15, 2025, will receive this monthly payment. This dividend is categorized as an eligible dividend for tax purposes in Canada, adding more value for shareholders looking to benefit from their investments.
Understanding the Dividend Reinvestment Plan
Petrus also offers a Dividend Reinvestment Plan (DRIP), which allows shareholders to reinvest their dividends into additional common shares. This program gives participants the option to enhance their investment portfolio automatically without the need to manage these purchases actively.
How to Enroll in the DRIP
To participate in the DRIP, shareholders must submit a completed enrollment form to Odyssey Trust Company before the specified deadline, which is usually set for five business days prior to a dividend record date. This enables shareholders to take advantage of reinvesting their dividends at a discounted rate of 3% off the market price of the common shares.
Important Considerations for Participants
Beneficial shareholders who intend to enroll in the DRIP should contact their broker for enrollment instructions and to verify their eligibility. It’s important to note that participation might be limited for shareholders who are not residents of Canada.
Additional Resources and Information
A comprehensive overview of the DRIP program is accessible via the company’s official website. If shareholders need assistance or have questions regarding the process, they can reach out to Odyssey Trust Company at their support number.
Company Overview
Petrus is a dynamic public oil and gas company actively involved in property exploitation, strategic acquisitions, and exploration initiatives primarily in Alberta. The company remains focused on maximizing shareholder value through its various operational strategies.
Contact Information
For further details or questions about the monthly dividend and other investor inquiries, shareholders can reach out to Ken Gray, President and CEO, at 403-930-0889 or via email.
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $0.01 per share.
When will the dividend be paid?
The dividend will be paid on December 30, 2025, to shareholders on record as of December 15, 2025.
How can shareholders participate in the DRIP?
Shareholders need to complete an enrollment form and submit it to Odyssey Trust Company before the deadline.
What is the discount offered through the DRIP?
Eligible shareholders participating in the DRIP can receive a 3% discount on the purchase of additional common shares.
Who should I contact for more information about the dividend?
Shareholders can contact Ken Gray, the President and CEO, for inquiries related to the dividend or other information.
