Peyto Exploration Declares Upcoming Monthly Dividend Payment
Peyto Exploration & Development Corp. Announces Monthly Dividend
Peyto Exploration & Development Corp. (TSX: PEY) has officially announced its plans for the upcoming monthly dividend. This dividend, set at $0.11 per common share, is scheduled to be distributed on November 15, ensuring that shareholders continue to reap rewards from their investments.
Dividends and Tax Implications
For Canadian residents, the dividends paid by Peyto are classified as eligible dividends for income tax purposes. This classification can provide favorable tax treatment, which is beneficial to shareholders receiving these returns on their investment.
Engagement with Investors
Shareholders and potential investors are encouraged to explore Peyto's corporate website. The site is a valuable resource that details what makes Peyto one of the most compelling energy companies in North America. It offers insights into operational updates, management discussions, and key monthly reports, crafted by the President and CEO, which cover critical aspects such as capital expenditures and production estimates.
Management Contact Information
For any inquiries or additional information, Jean-Paul Lachance, President and Chief Executive Officer of Peyto, is available for contact. Shareholders can reach him at (403) 261-6081. Fax inquiries can be sent to (403) 451-4100. Additionally, for direct communication, an email can be sent to info@peyto.com.
Understanding Forward-Looking Statements
It's essential to understand that certain statements regarding Peyto's future strategies involve risks and uncertainties. Factors such as economic conditions, commodity price volatility, and operational challenges can affect the company's performance. Stakeholders are advised that the outcomes discussed in these forward-looking statements may differ from actual results. This highlights the importance of cautious consideration of these statements when assessing investment potential.
Frequently Asked Questions
What is the upcoming dividend payment date for Peyto?
The next dividend payment date for Peyto Exploration is set for November 15, 2024.
How much is the monthly dividend?
The monthly dividend is $0.11 per common share.
Are dividends taxed differently for Canadian residents?
Yes, dividends paid by Peyto are eligible dividends, which means they can receive favorable tax treatment for Canadian residents.
How can shareholders stay informed about Peyto?
Shareholders can visit Peyto's official website for thorough updates, reports, and the latest information on company performance.
Who should I contact for more information about Peyto?
For detailed inquiries, shareholders can reach out to 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/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.