Crescent Point Confirms Quarterly Dividend

Crescent Point Energy Corp. announced a quarterly cash dividend of CDN $0.0025 per share.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Crescent Point Energy Corp. announced a quarterly cash dividend of CDN $0.0025 per share. This dividend will be paid on January 4, 2021, to shareholders recorded by December 15, 2020. The declared dividends are classified as eligible dividends for Canadian tax purposes and as qualified dividends for U.S. tax purposes. This continuation of dividend payments reflects Crescent Point's commitment to returning value to its shareholders amid ongoing market dynamics.

Positive

Quarterly cash dividend of CDN $0.0025 per share indicates a commitment to shareholder returns.

Negative

None.

Argus Session date unavailable

+5.93% session move Open Argus

Details

News Market Reaction – CPG

The recorded move for CPG in the trading session of this news was +5.93%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

10/29/2020 - 06:25 AM

CALGARY, AB, Oct. 29, 2020 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on January 4, 2021 for shareholders of record on December 15, 2020.

These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends."

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403) 693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W. Calgary AB T2P 1G1

www.crescentpointenergy.com

Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.

View original content:http://www.prnewswire.com/news-releases/crescent-point-confirms-quarterly-dividend-301162184.html

SOURCE Crescent Point Energy Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Crescent Point Energy?

Crescent Point Energy declared a quarterly cash dividend of CDN $0.0025 per share.

When will the dividend be paid by Crescent Point Energy?

The dividend will be paid on January 4, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 15, 2020.

Are the dividends from Crescent Point Energy eligible for tax benefits?

Yes, the dividends are eligible as 'eligible dividends' for Canadian tax and 'qualified dividends' for U.S. tax purposes.

Keep reading

Crescent Point Confirms Quarterly Dividend