Welcome to our dedicated page for Pardee Res Co news (Ticker: PDER), a resource for investors and traders seeking the latest updates and insights on Pardee Res Co stock.
Pardee Resources Company (OTC: PDER) is a resource-focused company in the bituminous coal and lignite surface mining industry, with activities that extend to timberland, oil and gas interests, and renewable energy investments as described in its announcements. The PDER news page on Stock Titan aggregates these official press releases and related coverage so readers can see how the company manages and reallocates its resource portfolio over time.
Recent news items show Pardee Resources Company reporting on capital allocation decisions, such as special year-end dividends declared by its Board of Directors in addition to regular quarterly dividends. Other releases describe asset sales, including the divestiture of non-revenue producing oil and gas interests in Elk and Cameron Counties, Pennsylvania, as well as decisions to retain and continue managing hardwood timberland tracts in central and southern West Virginia after a marketing process concluded without a sale.
The company also issues news about its financial reporting cycle, announcing when first, second, and third quarter reports and the annual report are posted on the OTC Markets disclosure platform and distributed to shareholders. In the renewable energy area, press releases highlight investments by its subsidiary, Pardee Renewable Energy LLC, in partnerships that intend to install solar photovoltaic systems on public school rooftops in Roanoke, Virginia.
By following this news feed, investors and researchers can review how Pardee Resources Company communicates its dividend decisions, asset management choices, renewable energy initiatives, and regular reporting updates. Bookmark this page to access a consolidated view of PDER-related announcements as they are released.
Pardee Resources Company (OTC: PDER) announced that Harry G. Symons, Senior Vice President and Chief Financial Officer, will retire in May 2022. Steven J. Rolle joins as Senior Vice President of Finance effective January 4, 2022, and will succeed Symons as CFO. Carleton P. Erdman, President and CEO, praised Symons for his dedication and leadership over his 40-year career. Rolle brings nearly 30 years of experience in financial management and was previously CFO at 3SI Security Systems. The release also contained forward-looking statements about potential risks and economic conditions.
Pardee Resources Company (OTC: PDER) has declared a special year-end dividend of $15.00 per share, payable on December 23, 2021, to shareholders on record as of December 17, 2021. This dividend will be in addition to the company's regular quarterly dividends, showcasing its commitment to returning value to shareholders. The announcement reflects the company's financial health, although it also includes forward-looking statements that caution about potential risks and uncertainties affecting future results.