Petrus Resources Announces Monthly Dividend Disbursement
Petrus Resources Announces Monthly Dividend
Petrus Resources Ltd. is excited to inform its shareholders about the declaration of a monthly dividend amounting to $0.01 per share. The dividend will be payable towards the end of the month, specifically on September 29, to those who hold shares up until September 15. This dividend is recognized as an eligible dividend for Canadian income tax purposes, providing benefits to shareholders during tax assessments.
Understanding the Dividend Reinvestment Plan
Enhancing Shareholder Value
The company offers a Dividend Reinvestment Plan (DRIP) that allows eligible shareholders the choice to reinvest their dividends into additional common shares of Petrus. This plan not only encourages further investment in the company but also gives shareholders a chance to accumulate more shares at a 3% discount from the current market price. It's a great way for shareholders to enhance their investment portfolio effortlessly.
Participation Guidelines
In order to take part in the DRIP, registered shareholders must complete an enrollment form and submit it to Odyssey Trust Company before 4:00 p.m. on the 5th business day leading up to the dividend record date. Beneficial shareholders should consult with their brokers or nominees about their ability to participate and learn the necessary steps required for enrollment. It's also important for non-resident shareholders to check on potential restrictions regarding their participation.
Resources and Further Information
For those interested in understanding more about the DRIP, a comprehensive guide is available on Petrus’s website, and additional resources can be found through Odyssey Trust Company. The enrollment form for registered shareholders is also accessible through Odyssey, ensuring that all shareholders have the necessary tools to take advantage of the reinvestment option.
About Petrus Resources Ltd.
Petrus Resources Ltd. is a public Canadian oil and gas enterprise committed to property exploitation, strategic acquisitions, and managed exploration efforts, primarily in Alberta. This focus allows the company to maintain a solid growth trajectory while navigating the dynamic energy sector.
Contact Information
If you have any inquiries or require further information, please reach out to Ken Gray, the President and Chief Executive Officer, at 403-930-0889 or via email at kgray@petrusresources.com.
Frequently Asked Questions
What is the amount of the monthly dividend declared by Petrus Resources?
The monthly dividend declared by Petrus Resources is $0.01 per share.
When will the dividend be payable?
The dividend will be payable on September 29 to shareholders of record as of September 15.
What is the Dividend Reinvestment Plan (DRIP)?
The DRIP allows eligible shareholders to reinvest their dividends into additional common shares at a 3% discount from the market price.
How can shareholders participate in the DRIP?
Shareholders need to submit a completed enrollment form to Odyssey Trust Company by the deadline corresponding to the record date to participate in the DRIP.
Who should shareholders contact for more information?
Shareholders can contact Ken Gray at 403-930-0889 or email kgray@petrusresources.com for further information.
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