Gear Energy Ltd. Confirms Monthly Dividend for July of $0.005 per Share

Rhea-AI Summary

Gear Energy has announced a monthly dividend of $0.005 per common share for July 2024.

This payment will be made to shareholders on July 31, 2024, with the record date set as July 15, 2024. The dividend is categorized as an 'eligible dividend' under Canadian income tax laws.

Positive

• Gear Energy has confirmed a monthly dividend of $0.005 per share, reflecting a consistent return to shareholders.

Negative

• The dividend amount is relatively low, which may not be attractive to investors seeking higher income.

Calgary, Alberta--(Newsfile Corp. - July 2, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the July 2024 monthly dividend of $0.005 per common share is to be paid on July 31, 2024, to shareholders of record on July 15, 2024.

The dividend is designated as an "eligible dividend" for Canadian income tax purposes.

FOR FURTHER INFORMATION PLEASE CONTACT:

Kevin Johnson
President & CEO
403-538-8463 

David Hwang
Vice President Finance & CFO
403-538-8437

Email: info@gearenergy.com
Website: www.gearenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213443

FAQ

What is the monthly dividend for July 2024 for Gear Energy (GENGF)?

The monthly dividend for July 2024 is $0.005 per common share.

When will Gear Energy pay the July 2024 dividend?

The dividend will be paid on July 31, 2024.

What is the record date for Gear Energy 's July 2024 dividend?

The record date for the July 2024 dividend is July 15, 2024.

Is the July 2024 dividend from Gear Energy (GENGF) eligible for Canadian income tax purposes?

Yes, the dividend is designated as an 'eligible dividend' for Canadian income tax purposes.