Peyto Exploration & Development Corp. Announces Monthly Dividend
CALGARY, Alberta — Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") has officially announced that the monthly dividend for August 2024 will be set at $0.11 per common share. This dividend is scheduled to be distributed on September 13, 2024, to all shareholders recorded as of August 31, 2024.
Dividends paid to Canadian residents by Peyto qualify as eligible dividends for Canadian income tax purposes.
Shareholders and potential investors are invited to explore the Peyto website at www.peyto.com. The site offers insights into what makes Peyto one of North America’s leading energy companies, including a monthly report featuring topics chosen by the President and CEO, which covers capital expenditure estimates and production data.
For additional information, please reach out to:
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. has established itself as a respected player in North America’s oil and gas sector, recognized for its strong performance and strategic initiatives that pave the way for future growth. The company is committed to optimizing its operations while addressing environmental concerns, positioning itself as a key contributor to sustainable energy solutions.
Current Market Position
As the energy landscape evolves, Peyto remains dedicated to operational excellence and delivering returns to its shareholders. The company is continually adapting to market dynamics, ensuring compliance with regulatory standards and meeting shareholder expectations through transparent communication and effective management practices.
Investment Opportunities
Peyto’s appealing dividend yield and reliable payout history make it a strong option for income-focused investors. By balancing growth and dividends, Peyto aims to provide value to its shareholders while navigating the complexities of the energy market.
Future Plans and Developments
Peyto is committed to advancing its exploration and development initiatives, focusing on innovative technologies that enhance production efficiency while reducing environmental impact. The company is well-positioned to capitalize on emerging opportunities in the energy sector, aligning its strategies with market trends and the interests of investors.
Frequently Asked Questions
What is the monthly dividend amount declared by Peyto?
Peyto has declared a monthly dividend of $0.11 per common share for August 2024.
When will the dividend be paid?
The dividend will be paid on September 13, 2024, to shareholders who are on record as of August 31, 2024.
Are the dividends eligible for tax purposes?
Yes, dividends paid by Peyto to Canadian residents are considered 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 further information and updates.
Who can I contact for more information about Peyto?
For more details, you can contact Jean-Paul Lachance, the President and CEO, at (403) 261-6081 or via email at info@peyto.com.