Peyto Exploration Confirms Monthly Dividend Announcement
![Peyto Exploration Confirms Monthly Dividend Announcement](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
Peyto Exploration & Development Corp. Confirms Monthly Dividend
CALGARY, Alberta — Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") has confirmed that the monthly dividend for August 2024 will be $0.11 per common share. This dividend is scheduled to be paid on September 13, 2024, to shareholders of record as of August 31, 2024.
Dividends paid by Peyto to Canadian residents qualify as eligible dividends for Canadian income tax purposes.
Shareholders and potential investors are encouraged to visit the Peyto website at www.peyto.com to explore what makes Peyto one of North America’s most dynamic energy companies. The website features a monthly report that discusses various topics selected by the President and CEO, including monthly capital expenditure estimates and production data.
For more information, please contact:
Jean-Paul Lachance
President and Chief Executive Officer
Phone: (403) 261-6081
Fax: (403) 451-4100
Email: info@peyto.com
About Peyto Exploration & Development Corp.
Peyto Exploration & Development Corp. is a well-respected entity in North America’s oil and gas industry, known for its strong performance and strategic initiatives that position the company for future growth. Peyto continues to focus on optimizing its operations while addressing environmental concerns, making it a key player in sustainable energy solutions.
Current Market Position
As the energy sector evolves, Peyto's commitment to operational excellence and shareholder returns remains a priority. The company has been adapting to market changes, ensuring that it meets both regulatory standards and shareholder expectations through transparent communication and sound management practices.
Investment Opportunities
Peyto’s attractive dividend yield and consistent payout history make it an appealing choice for income-focused investors. By maintaining a balanced approach toward growth and dividends, Peyto aims to deliver value to its shareholders while navigating the challenges of the energy market.
Future Plans and Developments
Peyto is dedicated to enhancing its exploration and development efforts, focusing on innovative technologies to maximize production efficiency and minimize environmental impact. The company is poised to take advantage of emerging opportunities in the energy sector, aligning its strategies with market trends and investor interests.
Frequently Asked Questions
What is the monthly dividend amount declared by Peyto?
The monthly dividend amount declared by Peyto for August 2024 is $0.11 per common share.
When will the dividend be paid?
The dividend will be paid on September 13, 2024, to shareholders on record as of August 31, 2024.
Are the dividends eligible for tax purposes?
Yes, dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.
How can investors learn more about Peyto?
Investors can visit Peyto's website at www.peyto.com for more information and updates.
Who can I contact for more information about Peyto?
For further information, you can contact Jean-Paul Lachance, the President and CEO, at (403) 261-6081 or via email at info@peyto.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/