Veren Confirms Quarterly Dividend

Rhea-AI Summary

Veren Inc. (TSX: VRN) (NYSE: VRN) has announced a quarterly cash base dividend of $0.115 per share, payable on October 1, 2024 to shareholders of record on September 15, 2024. The dividends are designated as "eligible dividends" for Canadian income tax purposes and "qualified dividends" for U.S. income tax purposes. Veren, a Calgary-based company, trades on both the Toronto Stock Exchange and New York Stock Exchange under the symbol VRN. This announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Positive

• Consistent quarterly dividend payment of $0.115 per share
• Dividends qualify for favorable tax treatment in both Canada and the U.S.

Negative

• None.

News Market Reaction – VRN

-2.63%

1 alert

-2.63% News Effect

On the day this news was published, VRN declined 2.63%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, AB, July 25, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on October 1, 2024 to shareholders of record on September 15, 2024.

These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Veren's dividends are considered "qualified dividends."

FOR MORE INFORMATION ON VEREN, PLEASE CONTACT: 

Sarfraz Somani, Manager, Investor Relations

Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020

Address: Veren Inc. Suite 2000, 585 - 8th Avenue S.W. Calgary AB │T2P 1G1

www.vrn.com 

Veren shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol VRN.

View original content:https://www.prnewswire.com/news-releases/veren-confirms-quarterly-dividend-302205845.html

SOURCE Veren Inc.

FAQ

What is Veren's (VRN) quarterly dividend amount for 2024?

Veren (VRN) has declared a quarterly cash base dividend of $0.115 per share for 2024.

When is the payment date for Veren's (VRN) latest quarterly dividend?

The payment date for Veren's (VRN) latest quarterly dividend is October 1, 2024.

What is the record date for Veren's (VRN) upcoming dividend?

The record date for Veren's (VRN) upcoming dividend is September 15, 2024.

How are Veren's (VRN) dividends classified for tax purposes in Canada and the U.S.?

Veren's (VRN) dividends are classified as 'eligible dividends' for Canadian income tax purposes and 'qualified dividends' for U.S. income tax purposes.