Veren Inc.'s Quarterly Dividend Announcement
Veren Inc. (TSX: VRN) has officially announced an exciting update regarding its quarterly cash dividend. This declaration comes from the Board of Directors, reflecting the Company's commitment to returning value to its shareholders.
Quarterly Cash Dividend Details
The approved cash base dividend is set at $0.115 per share. Shareholders can expect this dividend to be payable on January 2, 2025, with the record date being December 15, 2024. This announcement is a significant step towards ensuring that shareholders benefit from the Company’s positive financial performance.
Understanding the Tax Implications
Veren’s dividends are beneficial for investors in both Canada and the United States. For Canadian income tax purposes, these payments are categorized as "eligible dividends." Meanwhile, for those in the U.S., Veren’s dividends qualify as "qualified dividends," which can have favorable tax treatment.
Contact Information for Investors
For shareholders and potential investors seeking more information, the Investor Relations team is available for inquiries. You can reach out to Sarfraz Somani, the Manager of Investor Relations.
To get in touch, call (403) 693-0020. For residents of the United States and Canada, a toll-free number is available at 888-693-0020. You can also visit Veren's office at Suite 2000, 585 - 8th Avenue S.W., Calgary AB, T2P 1G1.
Veren Inc. Stock Information
The shares of Veren Inc. are actively traded on both the Toronto Stock Exchange and the New York Stock Exchange. Investors interested in purchasing or monitoring the stock are advised to look for its symbol VRN.
Frequently Asked Questions
What is the amount of the dividend declared by Veren Inc.?
The declared dividend is $0.115 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on January 2, 2025.
What is the record date for the dividend?
Shareholders must be on record by December 15, 2024, to receive the dividend.
How is this dividend categorized for tax purposes?
It is considered an "eligible dividend" for Canadian taxes and a "qualified dividend" for U.S. taxes.
Who can I contact for more information about this dividend?
You can reach out to Sarfraz Somani, Manager of Investor Relations, via phone at (403) 693-0020 or toll-free at 888-693-0020.
