Petrus Resources Announces Monthly Dividend
Petrus Resources Ltd. (TSX: PRQ) is excited to share that its Board of Directors has approved a monthly dividend of $0.01 per share. This dividend is set to be paid on June 30 to shareholders registered by June 16. Such dividends are an eligible part of investment income for Canadian tax purposes, making them not just a reward but also a strategic investment opportunity.
Understanding the Dividend Reinvestment Plan
Petrus Resources offers a Dividend Reinvestment Plan (DRIP), allowing eligible shareholders the option to reinvest their dividends into new shares of the company. This initiative provides a practical way for investors to boost their holdings without incurring additional costs, reflecting the company’s commitment to growing its shareholder base. The reinvested shares are available at a 3% discount from the current market price, presenting a compelling opportunity for those looking to expand their investment.
Enrollment in the DRIP
To participate in the DRIP, registered shareholders must submit a completed enrollment form to Odyssey Trust Company by a specified deadline. This requirement ensures that all necessary documentation is processed in time for dividend distribution. Beneficial shareholders, those holding shares through intermediaries, should communicate with their brokers to clarify eligibility and follow the appropriate enrollment processes. It's important to note that participation may vary for shareholders located outside Canada.
Additional Information Available
For those interested in the DRIP, further details are readily accessible through the company’s official website and Odyssey's online resources. Information about the enrollment form can also be found there. Should you have any questions regarding the DRIP, Odyssey Trust Company offers assistance via their dedicated support line.
About Petrus Resources
Petrus Resources is a prominent Canadian oil and gas entity dedicated to enhancing value through property exploitation, strategic acquisitions, and prudent exploration efforts across Alberta. The company emphasizes responsible management of its operations while focusing on sustainable growth strategies, catering to the evolving market demands.
Contact Information
If you require further clarification or have any questions, feel free to reach out to Ken Gray, President and CEO of Petrus Resources. He is readily available to provide insights into the company’s operations, dividend options, or any other queries. His direct line is 403-930-0889, or you can connect via email.
Frequently Asked Questions
What is the amount of the declared monthly dividend?
The declared monthly dividend is $0.01 per share.
When will shareholders receive the dividend payment?
The dividend is scheduled for payment on June 30.
What is the Dividend Reinvestment Plan (DRIP)?
The DRIP allows eligible shareholders to reinvest their dividends into additional shares at a 3% discount.
How can registered shareholders enroll in the DRIP?
They must submit a completed enrollment form to Odyssey Trust Company by the established deadline.
Who should beneficial shareholders contact for DRIP participation?
Beneficial shareholders should contact their brokers to learn about their eligibility and enrollment procedures.
