11:41:49 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Pengrowth Energy Corp
Symbol PGF
Shares Issued 529,429,975
Close 2014-10-08 C$ 5.02
Market Cap C$ 2,657,738,475
Recent Sedar Documents

Pengrowth Energy to pay four-cent dividend Nov. 17

2014-10-09 16:13 ET - News Release

Mr. Derek Evans reports

PENGROWTH ENERGY CORPORATION CONFIRMS CDN $0.04 CASH DIVIDEND PAYABLE NOVEMBER 17, 2014

Pengrowth Energy Corp.'s Nov. 17, 2014, cash dividend will be four cents per common share. The ex dividend date is Oct. 20, 2014. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of Oct. 22, 2014.

The dividend of four cents per common share is equivalent to approximately 3.6 U.S. cents per common share using a Canadian/U.S. dollar exchange rate of $1.00 to 89.69 U.S. cents. The actual U.S.-dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.

The above dividend has been designated as an eligible dividend for Canadian income tax purposes. Pengrowth's dividends are also considered qualified dividends for U.S. income tax purposes.

Pengrowth has paid a four-cent-per-share dividend to shareholders for 27 consecutive months, including the Oct. 15, 2014, dividend payment. Throughout this period, Pengrowth has executed on its strategy of building sustainable cash flow by investing in both conventional and thermal assets. The dividend is supported by not only current cash flows, production and unutilized bank lines, but also Pengrowth's robust risk management program that allows it to pro-actively manage commodity price exposure.

As a result of this policy, Pengrowth is substantially hedged in 2014 and 2015, and is building a strong base for 2016. Additional details on Pengrowth's risk management program are available at its website.

Pengrowth offers a dividend reinvestment program (DRIP) that provides eligible shareholders in Canada and the United States with the opportunity to reinvest their dividends in new shares at a 5-per-cent discount to the average trading price (as calculated pursuant to the DRIP). Additional information on the DRIP is available at the company's website.

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