Crescent Point Confirms Quarterly Dividend

Rhea-AI Summary

Crescent Point Energy Corp. announced a quarterly cash dividend of CDN $0.0025 per share. This dividend will be paid on January 4, 2021, to shareholders recorded by December 15, 2020. The declared dividends are classified as eligible dividends for Canadian tax purposes and as qualified dividends for U.S. tax purposes. This continuation of dividend payments reflects Crescent Point's commitment to returning value to its shareholders amid ongoing market dynamics.

Positive

• Quarterly cash dividend of CDN $0.0025 per share indicates a commitment to shareholder returns.

Negative

• None.

CALGARY, AB, Oct. 29, 2020 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on January 4, 2021 for shareholders of record on December 15, 2020.

These 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:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice President, Investor Relations and Corporate Communications
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:http://www.prnewswire.com/news-releases/crescent-point-confirms-quarterly-dividend-301162184.html

SOURCE Crescent Point Energy Corp.

FAQ

What is the dividend amount declared by Crescent Point Energy?

Crescent Point Energy declared a quarterly cash dividend of CDN $0.0025 per share.

When will the dividend be paid by Crescent Point Energy?

The dividend will be paid on January 4, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 15, 2020.

Are the dividends from Crescent Point Energy eligible for tax benefits?

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