(Frontera, 5.Mar.2020) — Frontera Energy Corporation announced that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid on or about April 16, 2020 to shareholders of record at the close of business on April 2, 2020. This dividend represents a 2.7% yield based on the closing share price of the Company on March 4, 2020. For 2020, the Company has paid or declared dividends of $30 million (C$0.41/share).
The dividend is designated as an eligible dividend under the Income Tax Act (Canada).
The dividend is eligible for the Company’s Dividend Reinvestment Plan to provide shareholders of Frontera who are resident in Canada with the option to have the cash dividends declared on their common shares of Frontera (“Shares“) reinvested automatically back into additional Shares, without the payment of brokerage commissions or service charges.