CALGARY, Alberta – Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to November 2021 of $0.05 per common share per month is to be paid on December 15, 2021, for shareholders of record on November 30, 2021. The ex-dividend date for the November dividend is November 29, 2021.
This dividend level, which is determined by the Board of Directors of Peyto, equates to $0.60/share annually and will be confirmed each month in advance of payment. Peyto’s dividend policy is part of a total returns strategy that includes growth in value, assets, and income, all on a debt adjusted per share basis. That growth can be achieved on an absolute basis or by reducing both debt and shares outstanding.
Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.
Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes the President’s monthly report, which discusses various topics chosen by the President and includes estimates of monthly capital expenditures and production. For further information please contact:
Darren Gee | |
Chief Executive Officer | |
Phone: | (403) 261-6081 |
Fax: | (403) 451-4100 |