Crescent Point Energy Declares Special Dividend $0.0261 Per Share (C$0.035)
Portfolio Pulse from Benzinga Newsdesk
Crescent Point Energy has declared a special cash dividend of CDN $0.035 per share, based on its Q2 2023 financial results. The dividend will be paid on August 15, 2023, to shareholders of record on August 8, 2023. Additionally, a quarterly cash base dividend of CDN $0.10 per share will be paid on October 2, 2023, to shareholders of record on September 15, 2023. These dividends are considered 'eligible dividends' for Canadian tax purposes and 'qualified dividends' for U.S. tax purposes.
July 26, 2023 | 10:36 am
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Crescent Point Energy's declaration of a special dividend and a quarterly cash base dividend could potentially attract more investors, leading to a possible increase in the stock price.
Dividends are a way for companies to distribute a portion of their earnings back to shareholders. When a company announces a dividend, it can make the stock more attractive to investors as they can earn a return on their investment in addition to any potential capital gains. This increased demand can drive up the stock price.
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