Gear Energy Ltd. Confirms Monthly Dividend for September of $0.005 per Share
Rhea-AI Summary
Gear Energy (TSX: GXE) (OTCQX: GENGF) has announced its monthly dividend for September 2024. The company will pay $0.005 per common share on September 27, 2024, to shareholders of record as of September 13, 2024. This dividend is designated as an 'eligible dividend' for Canadian income tax purposes, which may provide tax benefits to eligible shareholders. Gear Energy, an oil and gas company based in Calgary, Alberta, continues its practice of regular dividend payments, demonstrating a commitment to returning value to shareholders.
Positive
- Consistent dividend payment of $0.005 per share
- Dividend qualifies as 'eligible dividend' for potential tax benefits
Negative
- None.
News Market Reaction – GENGF
In the trading session that priced this news, GENGF declined 3.04%, reflecting a moderate negative 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. - August 30, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the September 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/221437