Impact: Positive. Although we would anticipate an initial negative response to Pengrowth's dividend cut, in light of a depressed commodity environment, we view these steps as a prudent move to help accelerate the Company's debt reduction initiatives.
01 Sep 2015
PENGROWTH ENERGY CORP. (PGF) ANNOUNCES NEW DIVIDEND POLICY INCLUDING REDUCTION TO DIVIDEND PAYMENT AND SUSPENSION OF DRIP
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PENGROWTH ENERGY CORP. (PGF) ANNOUNCES NEW DIVIDEND POLICY INCLUDING REDUCTION TO DIVIDEND PAYMENT AND SUSPENSION OF DRIP
Pengrowth Energy (PGF:TSE) | 0 0 -3.2% | Mkt Cap: 508.1m
- Published:
01 Sep 2015 -
Author:
Michael Hearn -
Pages:
2
Impact: Positive. Although we would anticipate an initial negative response to Pengrowth's dividend cut, in light of a depressed commodity environment, we view these steps as a prudent move to help accelerate the Company's debt reduction initiatives.