Epsilon Energy Ltd. Announces the Following Headlines

Rhea-AI Summary

Epsilon Energy Ltd. (NASDAQ: EPSN) announced a dividend of $0.0625 per common share, amounting to an annualized rate of $0.25/share, payable to shareholders on December 30, 2022. Shareholders of record by December 15, 2022, will be eligible for this dividend, which qualifies as an eligible dividend under Canadian tax law. Additionally, the company disclosed that Matthew Dougherty has resigned from the Board of Directors, effective immediately, without any operational disagreements. The board expressed gratitude for his nine years of service.

Positive

• Declared a dividend of $0.0625 per share, reflecting a commitment to returning value to shareholders.
• Annualized dividend rate of $0.25 increases shareholder confidence.

Negative

• Resignation of Matthew Dougherty from the Board of Directors may create uncertainties about governance.

• Board declares dividend of $0.0625 per common share
• Resignation of Matthew Dougherty from the Board of Directors

HOUSTON, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on December 15^th 2022, payable on December 30^th 2022. All dividends paid by the Company are “eligible dividends” as defined in subsection 89(1) of the Income Tax Act (Canada), unless indicated otherwise.

Epsilon also announced that Matthew Dougherty has informed the Company that he is stepping down as a director, effective immediately. Mr. Dougherty and the Company did not have any disagreement on any matter relating to its operations, policies or practices.

“Matt has served on the Epsilon Board of Directors for over nine years,” said John Lovoi, Chairman of the Board of Directors. “On behalf of the board, the management team and our shareholders, I want to thank Matt for his longstanding support and important contributions. We wish him success for the future.”

About Epsilon

Epsilon Energy Ltd. is a North American onshore natural gas production and midstream company with a current focus on the Marcellus Shale of Pennsylvania

Contact Information:

281-670-0002

Jason Stabell
Chief Executive Officer
Jason.Stabell@EpsilonEnergyLTD.com

Andrew Williamson
Chief Financial Officer
Andrew.Williamson@EpsilonEnergyLTD.com

FAQ

What is Epsilon Energy's latest dividend announcement?

Epsilon Energy declared a dividend of $0.0625 per common share, payable on December 30, 2022, to shareholders of record by December 15, 2022.

When will Epsilon Energy's dividend be paid?

The dividend will be paid on December 30, 2022.

Who has resigned from Epsilon Energy's Board of Directors?

Matthew Dougherty has resigned from the Board of Directors, effective immediately.

What is the annualized dividend for Epsilon Energy?

The annualized dividend for Epsilon Energy is $0.25 per share.

Is Epsilon Energy's dividend considered an eligible dividend?

Yes, all dividends paid by Epsilon Energy are considered eligible dividends as defined under Canadian tax law.