Petrus Resources Unveils Exciting Monthly Dividend Plan
Petrus Resources Announces Dividend Payment
Petrus Resources Ltd. is thrilled to confirm that its Board of Directors has declared a monthly dividend amounting to $0.01 per share. This payment signifies a rewarding opportunity for its shareholders.
Dividend Payment Schedule
The dividend will be payable at the end of July. Shareholders who are on record as of July 15 will be eligible to receive this dividend, which has been designated as an eligible dividend for Canadian income tax purposes.
Introducing the Dividend Reinvestment Plan
Petrus Resources implements a Dividend Reinvestment Plan (DRIP) allowing eligible shareholders to reinvest all or part of their cash dividends into more common shares of the Company. This option can increase your shareholdings effectively as it offers shares at a 3% discount relative to the market price.
How to Participate in the DRIP
To join the DRIP, registered shareholders need to submit a completed enrollment form to Odyssey Trust Company by 4:00 p.m. Calgary time, ideally on the 5th business day before the record date for the dividend. If you hold shares through a broker, it’s essential to discuss eligibility and obtain enrollment instructions directly with them.
Important Considerations
Participation in the DRIP may be restricted for shareholders residing outside Canada. Understanding these parameters is vital before making decisions regarding your investment.
About Petrus Resources Ltd.
Petrus Resources Ltd. operates as a public Canadian oil and gas company, emphasizing property exploitation and strategic acquisitions within Alberta. Their risk-managed exploration approaches have positioned them confidently in the competitive oil and gas landscape.
Contact Information
For further inquiries, investors can reach out to Ken Gray, the President and Chief Executive Officer of Petrus Resources Ltd. He can be contacted at 403-930-0889 or via email.
Frequently Asked Questions
What is the declared monthly dividend amount for July?
The declared monthly dividend amount for July is $0.01 per share.
When will the dividend be payable?
The dividend will be payable on July 31 to shareholders of record on July 15.
What is the benefit of participating in the DRIP?
Participating in the DRIP allows shareholders to reinvest dividends into additional shares at a discounted price, enhancing their investment.
How can shareholders enroll in the DRIP?
Shareholders need to submit a completed enrollment form to Odyssey Trust Company before the specified deadline to enroll in the DRIP.
Is there any restriction for foreign shareholders?
Yes, participation in the DRIP may be restricted for shareholders who reside outside of Canada, so it's essential to verify eligibility.
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