Petrus Resources Announces Monthly Dividend Payment Plan
Petrus Resources Declares Monthly Dividend
Petrus Resources Ltd. (TSX: PRQ) has announced a monthly dividend of $0.01 per share. This dividend is set to be paid to shareholders of record on a forthcoming date, cementing the Company’s commitment to returning value to its investors. This announcement showcases the company’s steady performance and robust financial strategies.
Understanding the Dividend Payment
Eligible shareholders will receive this dividend payment at the end of the month. Declaring regular dividends highlights Petrus Resources' operational stability and positive cash flow, reassuring investors of the company's sustainable business model.
Dividend Reinvestment Plan (DRIP)
As part of its engagement strategy with shareholders, Petrus Resources offers a Dividend Reinvestment Plan (DRIP). This program allows participants to reinvest their dividends into additional shares of the Company, providing a 3% discount from the market price. This initiative supports shareholders who prefer to increase their investment in Petrus while benefiting from lower purchase prices.
How to Participate in DRIP
Participation in the DRIP is an option for registered shareholders and requires completing an enrollment form, which must be submitted to the designated trust company before the specified deadline. It’s a beneficial opportunity for investors looking to enhance their equity in the Company effortlessly.
Important Considerations for Shareholders
For shareholders residing outside Canada, there may be restrictions regarding participation in the DRIP. It is advisable to confirm eligibility by communicating with their brokers. Furthermore, all pertinent information about the DRIP can be found on the Petrus Resources website.
About Petrus Resources
Petrus Resources is an innovative oil and gas exploration and production company dedicated to identifying and developing high-quality assets in Alberta. With a focus on strategic acquisitions and risk-managed exploration, the company is committed to delivering value and growth for its shareholders.
Contact Information
For further inquiries regarding the dividend or any operational aspects, shareholders can reach out to Ken Gray, the President and Chief Executive Officer of Petrus Resources. He can be contacted via telephone or email. The Company maintains transparency and is responsive to shareholder queries.
Frequently Asked Questions
What is the amount of the announced monthly dividend?
The announced monthly dividend amount is $0.01 per share.
How can shareholders participate in the DRIP?
Shareholders can participate by submitting a properly completed enrollment form to Odyssey Trust Company before the designated deadline.
Who can benefit from the Dividend Reinvestment Plan?
Eligible shareholders wishing to reinvest their cash dividends into more shares of the Company can benefit from this plan.
What resources are available for DRIP information?
Information regarding the DRIP can be accessed on both the Petrus Resources website and Odyssey's website.
Who do I contact for more information about the Company?
Contact Ken Gray, President and CEO of Petrus Resources, for any information or inquiries.
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