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CALGARY - Petrus Resources Ltd. (TSX:PRQ), a $138 million market cap oil and gas company, has declared a monthly dividend of $0.01 per share, payable August 29, 2025, to shareholders of record on August 15, 2025, according to a company press release issued Tuesday. The company currently offers an attractive 8.16% dividend yield, according to InvestingPro data.
The dividend is designated as an eligible dividend for Canadian income tax purposes.
The company also highlighted its Dividend Reinvestment Plan (DRIP), which allows eligible shareholders to reinvest their cash dividends into additional common shares. Participants in the DRIP will receive shares issued from treasury at a 3% discount from the market price.
Registered shareholders wishing to participate must submit completed enrollment forms to Odyssey Trust Company before 4:00 p.m. Calgary time on the fifth business day preceding a dividend record date. Beneficial shareholders need to contact their brokers to determine eligibility and enrollment procedures.
Petrus Resources is a Canadian oil and gas company that focuses on property exploitation, strategic acquisitions, and exploration activities in Alberta.
In other recent news, Petrus Resources reported its financial results for the first quarter of 2025, showing an earnings per share (EPS) of -$0.02 and revenue of $20.93 million. The company has also declared a monthly dividend of $0.01 per share, payable on June 30, 2025, and July 31, 2025, to shareholders on record as of June 16, 2025, and July 15, 2025, respectively. Petrus Resources is offering a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends into additional shares at a 3% discount. Shareholders approved all proposed resolutions at the company’s recent annual general meeting, including the election of five directors, with support ranging from 99.75% to 99.97%. The directors elected are Donald Gray, Donald Cormack, Patrick Arnell, Ken Gray, and Peter Verburg. Despite increased net debt, Petrus Resources is maintaining its capital spending guidance and focusing on debt reduction and operational efficiency. These developments come as the company outlines strategic plans to improve its financial standing.
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