Wednesday, June 18, 2014

Pengrowth Energy Corporation - PGF.t

Pengrowth Energy Corporation - PGF.t is a dividend paying intermediate Canadian oil and natural gas producer, headquartered in Calgary, Alberta.

Corporate strategy is to use funds flow from existing conventional operations to sustain current dividend and to fund a portfolio of low decline and long reserve life assets aimed at supporting production.

On June 12, 2014 the company released News

"Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that its July 15, 2014 cash dividend will be Cdn $0.04 per common share. The ex-dividend date is June 19, 2014. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of June 23, 2014.

The dividend of Cdn $0.04 per common share is equivalent to approximately U.S. $0.037 per common share using a Canadian/U.S. dollar exchange rate of Cdn $1.00:U.S. $0.922. The actual U.S. dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.