Pine Cliff Energy Ltd. Declares Monthly Dividend for September 27, 2024

Rhea-AI Summary

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. The dividend will be paid on September 27, 2024, to shareholders of record as of September 16, 2024. Pine Cliff has indicated that this dividend, along with future dividends, is expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, albeit at a modest rate.

Positive

• Regular monthly dividend payment indicates stable cash flow
• Consistent dividend policy suggests company confidence in financial stability

Negative

• Low dividend amount of $0.005 per share may not be attractive to income-focused investors
• Non-eligible dividend status may have less favorable tax implications for Canadian shareholders

News Market Reaction – PIFYF

+0.32%

+0.32% Session move

In the trading session that priced this news, PIFYF gained 0.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Calgary, Alberta--(Newsfile Corp. - September 4, 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 September 27, 2024, to shareholders of record on September 16, 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222141

FAQ

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

Pine Cliff Energy (PIFYF) has declared a regular monthly dividend of $0.005 per common share for September 2024.

When will Pine Cliff Energy (PIFYF) pay its September 2024 dividend?

Pine Cliff Energy (PIFYF) will pay its September 2024 dividend on September 27, 2024, to shareholders of record on September 16, 2024.

How are Pine Cliff Energy (PIFYF) dividends classified for Canadian tax purposes?

Pine Cliff Energy (PIFYF) expects its current and future dividends to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

What is the frequency of dividend payments for Pine Cliff Energy (PIFYF)?

Pine Cliff Energy (PIFYF) pays dividends on a monthly basis, as indicated by the announcement of a regular monthly dividend.