Gear Energy Ltd. Confirms Monthly Dividend for May of $0.005 per Share

Rhea-AI Summary

Gear Energy confirms the May 2024 monthly dividend of $0.005 per share to be paid on May 31, 2024. The dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

News Market Reaction – GENGF

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In the trading session that priced this news, GENGF declined 2.75%, reflecting a moderate negative market reaction.

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Calgary, Alberta--(Newsfile Corp. - May 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the May 2024 monthly dividend of $0.005 per common share is to be paid on May 31, 2024, to shareholders of record on May 15, 2024.

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/206182

FAQ

When will Gear Energy pay the May 2024 monthly dividend?

Gear Energy will pay the May 2024 monthly dividend on May 31, 2024.

What is the amount of the May 2024 monthly dividend per share?

The May 2024 monthly dividend amount per share is $0.005.

Is the May 2024 monthly dividend designated as an eligible dividend for Canadian income tax purposes?

Yes, the May 2024 monthly dividend is designated as an 'eligible dividend' for Canadian income tax purposes.