Crescent Point Confirms Quarterly Dividend and Declares Special Dividend

Rhea-AI Summary

Crescent Point Energy Corp. (CPG) declared a special cash dividend of CDN $0.035 per share and a quarterly base dividend of CDN $0.08 per share. The special dividend is based on the company's Q3 2022 financial results and will be paid on November 14, 2022, to shareholders of record by November 4, 2022. The regular dividend will be distributed on January 3, 2023, with a record date of December 15, 2022. Both dividends qualify as eligible for Canadian tax and as qualified dividends for U.S. tax purposes.

Positive

• Special dividend of CDN $0.035 per share signals strong financial health.
• Base dividend of CDN $0.08 per share supports consistent income for shareholders.
• Dividends classified as 'eligible dividends' provide tax advantages for shareholders.

Negative

• None.

CALGARY, AB, Oct. 26, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared both a special dividend in alignment with the Company's return of capital framework and a quarterly base dividend.

A special cash dividend of CDN $0.035 per share based on Crescent Point's third quarter 2022 financial results will be paid on November 14, 2022 to shareholders of record on November 4, 2022. The base dividend amount of CDN $0.08 per share will be paid on January 3, 2023 to shareholders of record on December 15, 2022.

Crescent Point's total return of capital offering for shareholders includes a combination of a base dividend, accretive share repurchases and special dividends.

The dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends."

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Shant Madian, Vice President, Capital Markets, or
Sarfraz Somani, Manager, Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020  Fax: (403) 693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W. Calgary AB  T2P 1G1

www.crescentpointenergy.com

Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.

View original content:https://www.prnewswire.com/news-releases/crescent-point-confirms-quarterly-dividend-and-declares-special-dividend-301659310.html

SOURCE Crescent Point Energy Corp.

FAQ

What is the dividend amount for Crescent Point Energy in 2022?

Crescent Point Energy declared a special dividend of CDN $0.035 per share and a quarterly base dividend of CDN $0.08 per share.

When will Crescent Point's dividends be paid?

The special dividend will be paid on November 14, 2022, and the base dividend on January 3, 2023.

What are the record dates for Crescent Point's dividends?

The record date for the special dividend is November 4, 2022, and for the base dividend, it is December 15, 2022.

Are Crescent Point's dividends eligible for tax benefits?

Yes, the dividends are designated as 'eligible dividends' for Canadian tax and as 'qualified dividends' for U.S. tax purposes.