Peyto Exploration Announces Upcoming Dividend Payment Details
Peyto Exploration Confirms Dividend Payment for Shareholders
Peyto Exploration & Development Corp. (TSX: PEY) has recently announced its monthly dividend payment, showcasing its commitment to returning value to shareholders. For September 2024, the company will distribute a dividend of $0.11 per common share, payable on October 15, 2024. This payment underscores Peyto's strong financial performance and ongoing dedication to its investor base.
Dividend Eligibility for Canadian Residents
The dividends issued to shareholders who are Canadian residents are designated as eligible dividends for income tax purposes. This classification allows shareholders to benefit from favorable tax treatment under Canadian tax law.
Accessing Company Information and Reports
Shareholders and those interested in learning more about Peyto Exploration & Development Corp. are encouraged to visit the company’s official website, which is a treasure trove of information. The site includes a monthly report curated by the President and CEO, offering insights into various operational aspects, including estimates of monthly capital expenditures and production levels.
Communication from the Leadership Team
Jean-Paul Lachance, President and CEO, is readily available for any inquiries. The contact details are provided for shareholders and potential investors who wish to engage with the company's leadership directly. Whether you're seeking investment insights or general information, the Peyto leadership team is accessible and open to discussions.
Peyto's Commitment to Transparency
The provision of accurate and timely information is a keystone of Peyto's operational philosophy. By consistently updating stakeholders, the company reinforces its dedication to transparency. This is especially important when considering the complexities involved in the energy sector, where market dynamics can shift rapidly.
Future Outlook
As Peyto continues to navigate its path in the energy industry, shareholder engagement remains a priority. The team is proactive in addressing the challenges and opportunities that arise, ensuring that strategic decisions align with shareholder interests and long-term growth objectives.
Frequently Asked Questions
What is the amount of the upcoming dividend?
The upcoming dividend is $0.11 per common share for September 2024.
When will the dividend be paid?
The dividend payment is scheduled for October 15, 2024.
Who is eligible to receive the dividend?
Shareholders of record on September 30, 2024, are eligible to receive the dividend.
What makes Peyto's dividends favorable for Canadian residents?
Dividends paid to Canadian residents are classified as eligible dividends, allowing for a better tax treatment.
How can I obtain more information about Peyto Exploration?
More information can be acquired by visiting Peyto’s official website or by contacting the company directly.
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