Petrus Resources Board Announces July Dividend and DRIP Details
Petrus Resources Declares Monthly Dividend
Petrus Resources Ltd. is thrilled to announce that its Board of Directors has declared a monthly dividend of $0.01 per share. This dividend is set to benefit all registered shareholders on record prior to the distribution date. Eligible shareholders will have the dividend payable, providing them with an additional income stream from their investments.
Dividend Reinvestment Plan for Shareholders
As part of its commitment to enhancing shareholder value, Petrus Resources offers a Dividend Reinvestment Plan (DRIP). This plan allows shareholders to reinvest their cash dividends into additional common shares. For those participating, shares can be purchased directly from the company at a 3% discount compared to the market price, making it an attractive option.
Eligibility and Participation
Participating in the DRIP is optional for shareholders. To enroll, registered shareholders need to submit an completed enrollment form to Odyssey Trust Company prior to the specified deadline. Meanwhile, beneficial shareholders will need to get in touch with their brokers to confirm eligibility and receive enrollment guidance.
Important Considerations for Non-Residents
Shareholders residing outside Canada may face limitations regarding their participation in the DRIP. It is essential for these shareholders to understand the specific regulations that may apply to them. For detailed information, contacting the appointed brokerage or the company can provide clarity.
More About Petrus Resources
Petrus Resources is a publicly traded Canadian oil and gas enterprise that emphasizes property exploitation across Alberta, along with strategic acquisitions. Their approach focuses on risk-managed exploration, reflecting a commitment to sustainable growth and long-term shareholder value.
Contact for Further Information
For more information regarding the dividend or the DRIP, shareholders can reach out to Ken Gray, the President and CEO of Petrus Resources. He is available for any inquiries and is dedicated to ensuring that shareholders have all the information they need.
Frequently Asked Questions
What is the monthly dividend amount declared by Petrus Resources?
The Board of Directors has declared a monthly dividend of $0.01 per share.
How can shareholders participate in the Dividend Reinvestment Plan?
Shareholders must submit a completed enrollment form to Odyssey Trust Company before the deadline to participate in the DRIP.
Is there a discount for purchasing shares through the DRIP?
Yes, participating shareholders can purchase additional shares at a 3% discount from the market price.
Who can I contact for more information regarding dividends?
For further details, you can contact Ken Gray, the President and CEO of Petrus Resources.
Are there any restrictions for shareholders living outside of Canada?
Yes, non-resident shareholders may face limitations when participating in the DRIP, depending on regulations.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price 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.