Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2024

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. Shareholders on record by July 15, 2024, will receive the dividend on July 31, 2024.

This dividend, along with future ones, is classified as non-eligible for Canadian income tax purposes.

Positive

Monthly dividend payment ensures regular income for shareholders.
Maintaining consistent dividend payments indicates company stability.

Negative

Dividends are non-eligible for Canadian income tax purposes, potentially reducing the tax benefits for shareholders.

Argus Session date unavailable

+2.74% session move Open Argus

Details

News Market Reaction – PIFYF

The recorded move for PIFYF in the trading session of this news was +2.74%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/03/2024 - 02:45 PM

Calgary, Alberta--(Newsfile Corp. - July 3, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.005 per common share to be paid July 31, 2024, to shareholders of record on July 15, 2024. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.

For further information, please contact:

Philip B. Hodge - President and CEO
Kristopher B. Zack - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

The TSX does not accept responsibility for the accuracy of this release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215374

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Pine Cliff Energy (PIFYF) for July 31, 2024?

Pine Cliff Energy declared a monthly dividend of $0.005 per common share to be paid on July 31, 2024.

When is the record date for Pine Cliff Energy's (PIFYF) July 2024 dividend?

The record date for Pine Cliff Energy's July 2024 dividend is July 15, 2024.

Are the dividends declared by Pine Cliff Energy (PIFYF) eligible for Canadian income tax purposes?

No, the dividends declared by Pine Cliff Energy are non-eligible for Canadian income tax purposes.

When will Pine Cliff Energy (PIFYF) pay the declared dividend for July 2024?

Pine Cliff Energy will pay the declared dividend for July 2024 on July 31, 2024.

Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2024