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
On the day this news was published, GENGF gained 1.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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?
When will Gear Energy (GENGF) pay its October 2024 dividend?
What is the record date for Gear Energy 's (GENGF) October 2024 dividend?
Is Gear Energy 's (GENGF) October 2024 dividend considered an eligible dividend for Canadian tax purposes?
