Petrus Resources Announces Upcoming Dividend for Shareholders

Author: Thomas Cooper Updated: 10-01-2025 05:17 PM

Petrus Resources Declares Monthly Dividend

Petrus Resources Ltd. (TSX: PRQ) has confirmed an important update for its shareholders. The company has decided to declare a monthly dividend of $0.01 per share, payable to those shareholders recorded by the company. This dividend will be distributed on the last day of the month. It's noteworthy that this dividend is considered an eligible dividend for Canadian tax purposes, which can offer tax advantages for shareholders.

Understanding the Dividend Reinvestment Plan

In addition to the monthly dividends, Petrus Resources offers a Dividend Reinvestment Plan (DRIP) designed for eligible shareholders. The DRIP allows those shareholders to reinvest all or part of their cash dividends into additional common shares of the Company. This feature is entirely optional, giving shareholders the flexibility to decide what is best for their investment strategy.

Details of the DRIP

For those who choose to participate in the DRIP, shares will be issued at a discount of 3% from the market price of the common shares. This can provide a valuable opportunity for shareholders looking to increase their stake in the company at a reduced cost.

Eligibility and Enrollment

To enroll in the DRIP, registered shareholders must present a completed enrollment form to Odyssey Trust Company before the deadline, which is typically set for the fifth business day before the record date for dividends. Shareholders who hold their shares beneficially should reach out to their brokers for guidance on eligibility and enrollment procedures. It's important to note that participation may be limited for shareholders residing outside Canada.

Comprehensive Resources Available

All the necessary information related to the DRIP is accessible through the company's official website. Detailed instructions and enrollment forms can be found on the website of Odyssey Trust Company. For any inquiries regarding the DRIP, shareholders are encouraged to contact Odyssey directly using the toll-free number available for North American residents.

About Petrus Resources Ltd.

Petrus Resources Ltd. is a publicly traded company focused on oil and gas exploration and production within Alberta. The Company is dedicated to maximizing the value of its properties through strategic acquisitions and prudent exploration initiatives. With a commitment to operational excellence and a focus on sustainability, Petrus resources aims to enhance shareholder value.

Contact Information

For additional information, shareholders and potential investors can reach out to Ken Gray, President and CEO of Petrus Resources. His direct contact information is provided for streamlined communication, ensuring that inquiries are addressed promptly.

Frequently Asked Questions

What is the amount of the declared dividend?

The declared dividend is $0.01 per share, payable to shareholders.

When will the dividend be paid?

The dividend will be paid on the last day of the month to shareholders of record.

What is the DRIP offered by Petrus Resources?

The Dividend Reinvestment Plan allows eligible shareholders to reinvest their cash dividends into additional shares at a discount of 3%.

How can one participate in the DRIP?

Registered shareholders must complete and submit an enrollment form by the specified deadline to participate in the DRIP.

Who can I contact for more information?

For further details, shareholders can contact Ken Gray, the President and CEO, or reach out directly to Odyssey Trust Company for DRIP-related questions.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

I am thrilled to contribute my ideas and engage with a lively investor community at Investors Hangout, where I recently joined the team. My mission is to make finance interesting and approachable so you may take charge of your financial future. I appreciate you coming along on this path to success and financial knowledge.

Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.