Crescent Point Confirms Quarterly Dividend

Rhea-AI Summary

Crescent Point Energy Corp. announced a quarterly cash dividend of CDN $0.0025 per share, payable on October 1, 2020, to shareholders recorded by September 15, 2020. The dividends are classified as "eligible dividends" for Canadian tax and "qualified dividends" for U.S. tax purposes. This declaration reflects Crescent Point's commitment to returning value to its shareholders despite the challenging market environment.

Positive

• Declaration of a CDN $0.0025 per share quarterly dividend indicates continued shareholder returns.

Negative

• None.

News Market Reaction – CPG

-7.74%

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-7.74% News Effect

On the day this news was published, CPG declined 7.74%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, AB, July 30, 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 October 1, 2020 for shareholders of record on September 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-301102596.html

SOURCE Crescent Point Energy Corp.

FAQ

What is the Crescent Point Energy dividend amount for Q3 2020?

Crescent Point Energy declared a quarterly dividend of CDN $0.0025 per share for Q3 2020.

When will the Crescent Point Energy dividend be paid?

The dividend will be paid on October 1, 2020.

What is the record date for Crescent Point Energy's dividend?

The record date for the dividend is September 15, 2020.

Are Crescent Point Energy's dividends eligible for Canadian tax purposes?

Yes, the dividends are designated as eligible dividends for Canadian income tax purposes.

How are Crescent Point Energy's dividends classified for U.S. tax purposes?

For U.S. income tax purposes, Crescent Point's dividends are considered qualified dividends.