Crescent Point Confirms Quarterly Dividend

Rhea-AI Summary

Crescent Point Energy Corp. has declared a quarterly cash dividend of CDN $0.0025 per share, payable on April 1, 2021, to shareholders of record by March 15, 2021. These dividends are categorized as eligible dividends for Canadian tax purposes and considered qualified dividends for U.S. tax purposes. This move reflects Crescent Point's commitment to returning value to its shareholders, maintaining its operational stability.

Positive

• Quarterly cash dividend of CDN $0.0025 per share enhances shareholder returns.
• Dividends designated as eligible under Canadian tax regulations, and qualified for U.S. tax purposes.

Negative

• None.

CALGARY, AB, Feb. 24, 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 April 1, 2021 for shareholders of record on March 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-301233958.html

SOURCE Crescent Point Energy Corp.

FAQ

What is the dividend amount announced by Crescent Point Energy?

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

When will the dividend be paid to shareholders?

The dividend will be paid on April 1, 2021, to shareholders of record on March 15, 2021.

How are Crescent Point's dividends classified for tax purposes?

Crescent Point's dividends are designated as eligible dividends for Canadian income tax and qualified dividends for U.S. tax purposes.

What is the significance of the dividend announced by Crescent Point Energy?

The dividend reflects Crescent Point's commitment to returning value to its shareholders amidst its operational strategy.