Where can I find your current trading prices?
What is your dividend policy?
As announced in our January 20, 2016 news release, Pengrowth has suspended its Dividend Program until further notice.
Can I reinvest the dividend to purchase more shares?
As announced in a September 1, 2015 news release, and following the dividend payable on September 15, 2015, Pengrowth’s Dividend Reinvestment and Optional Cash Payment Plan have been suspended until further notice.
Where can I find the amount paid out as dividends or distributions in previous years?
Who is your transfer agent and how do I contact them?
What is your hedging policy?
As part of our financial management strategy, we use forward price swap contracts to manage our exposure to commodity price fluctuations and to provide a measure of stability to monthly cash dividends. For more detailed information on our current hedges in place, please visit the Hedging and Marketing page of this website by clicking here.
When will you be required to pay corporate tax? How long can the tax pools shelter your taxable income?
With approximately $3.5 billion of tax pools available as of December 31, 2015, based upon current tax legislation, anticipated capital spending, and economic conditions, we currently expect that we will not be required to pay any corporate income tax until 2020.
What are the tax implications for a Canadian shareholder invested in Pengrowth?
Dividends paid on our Common Shares to Canadian residents are designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of a change is posted on this website.
If you have any questions regarding the taxation of eligible dividends, please contact your tax advisor or your local office of the Canada Revenue Agency.
Historical Canadian taxation letters can be accessed in our Taxation section, by clicking here.
What are the tax implications for a U.S. shareholder invested in Pengrowth?
Dividends are taxed differently in jurisdictions outside of Canada. In the U.S., our dividends are classified as “Qualified Dividends” and are reported annually on form 1099-DIV, that are produced by your brokerages.
For additional information, please visit the Taxation section of this website, by clicking here.
What is withholding tax? Am I subject to it as a U.S. resident?
There is a 15 percent withholding tax rate as part of a reciprocal tax treaty between Canada and the U.S. and it is applied to payments made into taxable trading accounts in the United States. Please note that, to the best of our knowledge, withholding tax is not applied to dividends paid to U.S. shareholders of Pengrowth who hold their Common Shares in tax deferred retirement accounts such as IRAs, 401Ks or other non-taxable accounts.
For payments made into taxable accounts, a U.S. taxpayer may be eligible to use Form 1116 to claim a credit or deduction, subject to certain restrictions on their U.S. Federal Income Taxes.
Please discuss these options with your U.S. tax advisor.
Which analysts are following you?
A list of the analysts following our stock can be found on our Analyst Coverage page by clicking here.