Gear Energy Ltd. Confirms Monthly Dividend for July of $0.005 per Share
Rhea-AI Summary
Gear Energy has announced a monthly dividend of $0.005 per common share for July 2024.
This payment will be made to shareholders on July 31, 2024, with the record date set as July 15, 2024. The dividend is categorized as an 'eligible dividend' under Canadian income tax laws.
Positive
- Gear Energy has confirmed a monthly dividend of $0.005 per share, reflecting a consistent return to shareholders.
Negative
- The dividend amount is relatively low, which may not be attractive to investors seeking higher income.
News Market Reaction – GENGF
In the trading session that priced this news, GENGF gained 0.82%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - July 2, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the July 2024 monthly dividend of
The dividend is designated as an "eligible dividend" for Canadian income tax purposes.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kevin Johnson
President & CEO
403-538-8463
David Hwang
Vice President Finance & CFO
403-538-8437
Email: info@gearenergy.com
Website: www.gearenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213443