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

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dividends
Rhea-AI Summary

Gear Energy (TSX: GXE, OTCQX: GENGF) has announced its monthly dividend for June 2024. Shareholders will receive $0.005 per common share, payable on June 28, 2024. To be eligible, shareholders must be on record by June 14, 2024. This dividend is designated as an 'eligible dividend' for Canadian income tax purposes. For more details, contact Kevin Johnson, President & CEO, or David Hwang, Vice President Finance & CFO.

Positive
  • Regular monthly dividend of $0.005 per share.
  • Payable date set for June 28, 2024.
  • Dividend designated as 'eligible' for Canadian tax purposes.
  • Clear timeline provided for record date (June 14, 2024).
Negative
  • Dividend amount of $0.005 per share may be considered low by some investors.

Calgary, Alberta--(Newsfile Corp. - June 3, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the June 2024 monthly dividend of $0.005 per common share is to be paid on June 28, 2024, to shareholders of record on June 14, 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/211117

FAQ

What is the June 2024 dividend amount for Gear Energy (GENGF)?

The June 2024 dividend amount for Gear Energy (GENGF) is $0.005 per share.

When is the record date for Gear Energy 's (GENGF) June 2024 dividend?

The record date for Gear Energy 's (GENGF) June 2024 dividend is June 14, 2024.

When will Gear Energy (GENGF) pay the June 2024 dividend?

Gear Energy (GENGF) will pay the June 2024 dividend on June 28, 2024.

Is Gear Energy 's (GENGF) June 2024 dividend eligible for Canadian income tax purposes?

Yes, Gear Energy 's (GENGF) June 2024 dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

GEAR ENERGY LTD

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