Petrus Resources announces March dividend

CALGARY, Alberta - Petrus Resources Ltd. (TSX: PRQ), an oil and gas company based in Canada, has announced a monthly dividend of $0.01 per share, payable on March 31, 2025, to shareholders on record as of March 17, 2025. With a current dividend yield of 8.76% and trading at $0.94 per share, InvestingPro analysis suggests the stock is currently undervalued. The company stated that this dividend is considered an eligible dividend for Canadian income tax purposes.

In addition to the dividend announcement, Petrus Resources highlighted its Dividend Reinvestment Plan (DRIP), which allows eligible shareholders to reinvest their cash dividends in additional common shares of the company at a 3% discount from the market price. According to InvestingPro data, the company maintains a healthy financial profile with a ’GOOD’ overall score and trades at an attractive P/E ratio of 3.97. The DRIP is available to shareholders who choose to participate and reinvest their dividends in this manner.

Shareholders interested in the DRIP must submit a properly completed enrollment form to Odyssey Trust Company by the specified deadline before the dividend record date. Beneficial shareholders are advised to contact their broker or nominee to verify eligibility and to arrange enrollment in the DRIP. The company noted that participation restrictions may apply to shareholders outside of Canada.

Petrus Resources is focused on the exploitation of properties, strategic acquisitions, and risk-managed exploration, primarily in the Alberta region. With a market capitalization of $118.24 million and impressive gross profit margins of 70.23%, the company’s strategy is aimed at delivering sustainable growth and value to its shareholders through its operations and investments in the oil and gas sector. InvestingPro subscribers can access additional insights, including 7 more ProTips and comprehensive financial metrics.

For more information on the DRIP or to access the enrollment form, shareholders can visit the Petrus Resources website or contact Odyssey Trust Company directly. The company’s management, including President and Chief Executive Officer Ken Gray, remains available for further inquiries regarding the company’s operations and investment opportunities.

This dividend declaration and information about the DRIP are based on a press release statement from Petrus Resources Ltd.

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