Crescent Point Confirms Quarterly Dividend

Rhea-AI Summary

Crescent Point Energy Corp. (TSX: CPG) announced a quarterly cash dividend of CDN $0.0025 per share, set to be paid on July 2, 2021. Shareholders of record by June 15, 2021 will be eligible to receive this dividend. These dividends are designated as "eligible dividends" for Canadian income tax and considered "qualified dividends" for U.S. tax purposes. This announcement highlights Crescent Point's ongoing commitment to return value to shareholders while adhering to tax regulations.

Positive

• Declared a quarterly cash dividend of CDN $0.0025 per share.
• Dividend payment date set for July 2, 2021, demonstrating company confidence in ongoing cash flow.
• Dividends categorized as eligible for Canadian and qualified for U.S. tax purposes.

Negative

• None.

CALGARY, AB, May 12, 2021 /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 July 2, 2021 for shareholders of record on June 15, 2021.

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-301289085.html

SOURCE Crescent Point Energy Corp.

FAQ

What is the amount of Crescent Point's dividend?

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

When is Crescent Point's dividend payment date?

The dividend will be paid on July 2, 2021, for shareholders of record on June 15, 2021.

Is Crescent Point's dividend eligible for Canadian tax purposes?

Yes, the dividends are designated as eligible dividends for Canadian income tax purposes.

How does the dividend affect U.S. tax obligations?

For U.S. income tax purposes, Crescent Point's dividends are considered qualified dividends.