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

Rhea-AI Summary

Gear Energy (TSX: GXE) (OTCQX: GENGF) has announced its monthly dividend for October 2024. Shareholders will receive $0.005 per common share, payable on October 31, 2024. The record date for this dividend is October 15, 2024. Gear Energy has designated this dividend as an 'eligible dividend' for Canadian income tax purposes. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, which may be viewed positively by investors seeking steady income from their investments.

Positive

• Consistent monthly dividend payment of $0.005 per share
• Dividend qualifies as 'eligible dividend' for Canadian tax purposes

Negative

• None.

News Market Reaction – GENGF

+1.25%

+1.25% Session move

In the trading session that priced this news, GENGF gained 1.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Calgary, Alberta--(Newsfile Corp. - October 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the October 2024 monthly dividend of $0.005 per common share is to be paid on October 31, 2024, to shareholders of record on October 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/224427

FAQ

What is the dividend amount for Gear Energy (GENGF) in October 2024?

Gear Energy (GENGF) has declared a dividend of $0.005 per common share for October 2024.

When will Gear Energy (GENGF) pay its October 2024 dividend?

The October 2024 dividend for Gear Energy (GENGF) will be paid on October 31, 2024.

What is the record date for Gear Energy 's (GENGF) October 2024 dividend?

The record date for Gear Energy 's (GENGF) October 2024 dividend is October 15, 2024.

Is Gear Energy 's (GENGF) October 2024 dividend considered an eligible dividend for Canadian tax purposes?

Yes, Gear Energy (GENGF) has designated the October 2024 dividend as an 'eligible dividend' for Canadian income tax purposes.