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CALGARY, Alberta - Petrus Resources Ltd. (TSX: PRQ), an oil and gas company operating in Alberta, has declared a monthly dividend of $0.01 per share, payable on June 30, 2025, to shareholders on record as of June 16, 2025. According to InvestingPro data, this represents an attractive 9.23% dividend yield for the $121.7 million market cap company. In addition to the dividend announcement, the company has provided information about its Dividend Reinvestment Plan (DRIP).
The DRIP allows eligible shareholders to reinvest their cash dividends into additional common shares at a 3% discount from the market price, currently trading at $0.95. This reinvestment plan is voluntary, and shareholders must enroll to participate. InvestingPro analysis indicates the company faces some short-term liquidity challenges, with current assets covering only 26% of short-term obligations. Interested registered shareholders must submit a completed enrollment form to the Odyssey Trust Company by the specified deadline ahead of the dividend record date. Beneficial shareholders are advised to contact their brokers or nominees to verify eligibility and to enroll in the program.
Petrus Resources has emphasized that participation in the DRIP may be subject to restrictions for shareholders residing outside of Canada. Complete details of the DRIP, along with the enrollment form for registered shareholders, are accessible on both the company’s and Odyssey Trust Company’s websites.
The company, known for its focus on exploiting properties, strategic acquisitions, and risk-managed exploration, aims to provide value to its shareholders through such initiatives. InvestingPro data shows the company maintains a FAIR financial health score of 2.37 and has demonstrated strong returns over the past five years. The dividend and the associated DRIP are part of Petrus Resources’ broader financial strategy, which has helped maintain a solid 67.45% gross profit margin over the last twelve months.
This information is based on a press release statement from Petrus Resources Ltd.
In other recent news, Petrus Resources reported its financial results for the first quarter of 2025, revealing an earnings per share (EPS) of -$0.02 and revenue of $20.93 million. Despite a 10% increase in net debt, the company remains committed to its capital spending guidance, maintaining a range of $40 to $50 million. Petrus Resources outlined strategic plans for debt reduction and operational efficiency, with ongoing drilling efforts in key areas. During its annual general meeting, Petrus Resources shareholders approved all proposed resolutions, including the election of five directors and the appointment of PricewaterhouseCoopers LLP as auditors. The board appointments received overwhelming support, with vote percentages ranging from 99.75% to 99.97%. Additionally, shareholders passed a resolution concerning the company’s restricted share unit award plan. CEO Ken Gray highlighted the strategic allocation of capital in the first quarter, emphasizing the company’s proactive approach to growth. The developments indicate a forward-looking stance as Petrus Resources navigates current challenges while focusing on operational efficiency.
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