Petrus Resources Announces Dividend and Reinvestment Options
Petrus Resources Declares Monthly Dividend
CALGARY, Alberta — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) has recently announced that its Board of Directors has declared a monthly dividend of $0.01 per share. This amount will be payable to shareholders holding shares as of the record date. The payment is scheduled for distribution at the end of the month, ensuring shareholders continue to benefit from their investment in the company.
Understanding the Dividend Reinvestment Plan
Petrus offers a Dividend Reinvestment Plan (DRIP), providing an opportunity for eligible shareholders to reinvest their dividends into additional shares of the company. This plan allows participants to utilize their dividends effectively while benefiting from the company's growth. Participating shareholders will receive shares at a discounted rate, which promotes further investment in Petrus’s promising future.
How to Join the DRIP
To partake in the DRIP, shareholders must complete an enrollment form and submit it to Odyssey Trust Company, the managing entity for this plan, by the set deadline. This ensures that they are eligible when dividends are declared. For beneficial shareholders, it is crucial to contact their respective brokers to gain insight into eligibility and necessary enrollment steps.
Keep In Mind
Some restrictions may apply for shareholders not residing in Canada, so it’s essential to check the specific terms if you fall into that category. The process promotes shareholder loyalty and offers a means for continuous investment in Petrus Resources.
About Petrus Resources
Petrus Resources Ltd. is a Canadian public oil and gas company specializing in identifying and exploiting property opportunities, making strategic acquisitions, and conducting exploration in a risk-managed manner. The company's initiatives aim to secure long-term value and sustainable returns for its shareholders.
Contact Information for Further Inquiries
For more information regarding the DRIP or the recent dividend announcement, shareholders are encouraged to reach out to Ken Gray, the President and Chief Executive Officer, by contacting 403-930-0889 or via email.
Frequently Asked Questions
What is the amount of the monthly dividend declared by Petrus?
Petrus Resources has declared a monthly dividend of $0.01 per share.
How can I participate in the Dividend Reinvestment Plan?
Shareholders can enroll in the DRIP by submitting a completed enrollment form to Odyssey Trust Company before the specified deadline.
Are there discounts available for shares through the DRIP?
Yes, eligible shareholders will receive shares at a 3% discount from the market price when they reinvest their dividends.
Who can I contact for more information about Petrus Resources?
Ken Gray, the President and CEO, is available for inquiries at 403-930-0889 or through email.
What type of company is Petrus Resources?
Petrus Resources Ltd. is focused on oil and gas, specializing in property exploitation, acquisitions, and exploration within Canada.
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