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

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Gear Energy (TSX: GXE, OTCQX: GENGF) has announced its monthly dividend for November 2024. The company will pay $0.005 per common share on November 29, 2024, to shareholders of record as of November 15, 2024. The dividend has been designated as an eligible dividend for Canadian income tax purposes.

Gear Energy (TSX: GXE, OTCQX: GENGF) ha annunciato il suo dividendo mensile per novembre 2024. La società pagherà $0,005 per azione ordinaria il 29 novembre 2024, agli azionisti in possesso delle azioni alla data di 15 novembre 2024. Il dividendo è stato designato come dividendo idoneo ai fini fiscali canadesi.

Gear Energy (TSX: GXE, OTCQX: GENGF) ha anunciado su dividendo mensual para noviembre de 2024. La empresa pagará $0.005 por acción común el 29 de noviembre de 2024, a los accionistas registrados hasta el 15 de noviembre de 2024. El dividendo ha sido designado como un dividendo elegible para fines fiscales en Canadá.

Gear Energy (TSX: GXE, OTCQX: GENGF)는 2024년 11월의 월별 배당금을 발표했습니다. 회사는 $0.005의 일반 주식당 배당금을 2024년 11월 29일에, 2024년 11월 15일 기준 주주에게 지급할 예정입니다. 이 배당금은 캐나다 소득세 목적으로 적격 배당금으로 지정되었습니다.

Gear Energy (TSX: GXE, OTCQX: GENGF) a annoncé son dividende mensuel pour novembre 2024. La société versera 0,005 $ par action ordinaire le 29 novembre 2024, aux actionnaires enregistrés au 15 novembre 2024. Le dividende a été désigné comme un dividende admissible aux fins de l'impôt sur le revenu canadien.

Gear Energy (TSX: GXE, OTCQX: GENGF) hat seine monatliche Dividende für November 2024 angekündigt. Das Unternehmen wird am 29. November 2024 $0,005 pro Stammaktie an Aktionäre zahlen, die zum 15. November 2024 Aktien besitzen. Die Dividende wurde als berechtigte Dividende für kanadische Einkommenssteuerzwecke ausgewiesen.

Positive
  • Maintaining consistent monthly dividend payments, indicating stable cash flow distribution to shareholders
  • Dividend qualifies as 'eligible dividend' for Canadian tax purposes, offering tax advantages to shareholders
Negative
  • Low dividend amount of $0.005 per share indicates cash distribution to shareholders

Calgary, Alberta--(Newsfile Corp. - November 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the November 2024 monthly dividend of $0.005 per common share is to be paid on November 29, 2024, to shareholders of record on November 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/227437

FAQ

What is Gear Energy's (GENGF) dividend amount for November 2024?

Gear Energy's dividend for November 2024 is $0.005 per common share.

When is the payment date for Gear Energy's (GENGF) November 2024 dividend?

The November 2024 dividend will be paid on November 29, 2024.

What is the record date for Gear Energy's (GENGF) November 2024 dividend?

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

Is Gear Energy's (GENGF) November 2024 dividend considered an eligible dividend for Canadian tax purposes?

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

GEAR ENERGY LTD

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