Div & Yield: 0.82 (7.10%)
Ex-Dividend Date 10/27/10
Dividend Payable Date 11/15/10
Pengrowth Energy Trust (the Trust) is an open-end investment trust. The purpose of the Trust is to directly and indirectly explore for, develop, and hold interests in petroleum and natural gas properties, through investments in securities, royalty units, net profits interests and notes issued by subsidiaries of the Trust.
Company Info
| Headquarters:240-4th Avenue S.W. Suite 2100 Calgary T2P 0B4 CAN | |
| Web Address:http://www.pengrowth.com |
Notes:
- Pengrowth Energy Trust paid a high dividend, yielding an annual rate of 15.9% in early 2008; in addition, it paid out monthly, a relative rarity for equities listed on the New York Stock Exchange. Since Pengrowth's assets were considered a depletable resource, its dividend payments were not taxed at the regular dividend rate, but rather as return of capital instead of return on investment; this is an additional tax advantage in the United States, and applies to all royalty trusts.
- In December 2015 the company suspended all dividends as it struggled to fund upcoming bond payoffs. In June 2018, the company was delisted from the New York Stock Exchange and changed its ticker symbol from PGH to PGHEF.
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