Pengrowth has revised its dividend policy to a quarterly payment of $0.01 per share (or $0.04 per share annually) from a monthly payment of $0.02 per share (or $0.24 per share annually), while also suspending its DRIP, effective for its initial quarterly payment in December 2015. Based on the Company’s most recent closing price of $1.65 per share, Pengrowth’s new dividend payment is equivalent to a 2.4% yield.