Dividends

Dividends are an integral part of our value proposition and strategy.  For approximately 26 years we have provided a source of monthly cash flow to our investors, paying approximately $5.6 billion, or approximately $44.16* per share, in cash distributions and dividends over that time. We remain committed to our dividend paying model as we execute our differentiated strategy and build future value for our investors. 

*To September 30, 2014, based on shares issued at inception. 

dividend slide for web2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL FLEXIBILITY

We have taken several measures to maintain our financial and balance sheet strength and provide additional flexibility to ensure that we have the financial means and discipline to develop the Lindbergh thermal bitumen project. These measures include:

DIVIDEND POLICY

Our Board of Directors approves dividends on a monthly basis and we do not provide forward guidance on our dividend payment. Please refer to the dividend schedule below for declaration dates.

Risk Management Positions & Dividend Policy Update - October 2014

Our dividends are declared and paid (and listed below) in Cdn dollars. The actual U.S. dollar equivalent dividend will vary according to the $Cdn/$U.S. exchange rate in effect on the record date (registered holders) and the payment date (beneficial holders), net of applicable withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.

2014 Dividend Schedule & Amounts

Payment Date

Record  Date (1)Ex-Dividend Date (2)Declaration DateDividend Amount (Cdn)
15/01/2014 23/12/2013 19/12/2013 12/12/2013 $0.04 
18/02/2014 23/01/2014 21/01/2014 13/01/2014 $0.04
17/03/2014 25/02/2014 21/02/2014 13/02/2014 $0.04 
15/04/2014 24/03/2014 20/03/2014 13/03/2014 $0.04 
15/05/2014 23/04/2014 21/04/2014 11/04/2014 $0.04
16/06/2014 23/05/2014 21/05/2014 13/05/2014 $0.04
15/07/2014 23/06/2014 19/06/2014 12/06/2014 $0.04
15/08/2014 22/07/2014 18/07/2014 11/07/2014 $0.04
15/09/2014 22/08/2014 20/08/2014 12/08/2014 $0.04
15/10/2014 22/09/2014 18/09/2014 11/09/2014 $0.04
17/11/2014 22/10/2014 20/10/2014 10/10/2014 $0.04
15/12/2014 24/11/2014 20/11/2014 13/11/2014 $0.04
YTD Dividend Declared ($Cdn) $0.44

2015 Dividend Schedule & Amounts

Payment DateRecord Date (1)Ex-Dividend  Date (2)Declaration DateDividend Amount  (Cdn)
15/01/2015 22/12/2014 18/12/2014 11/12/2014  $0.04
17/02/2015 22/01/2015 20/01/2015 12/01/2015  
16/03/2015 24/02/2015 20/02/2015 12/02/2015  
15/04/2015 23/03/2015 19/03/2015 12/03/2015  
15/05/2015 22/04/2015 20/04/2015 10/04/2015  
15/06/2015 22/05/2015 20/05/2015 12/05/2015  
15/07/2015 22/06/2015 18/06/2015 11/06/2015  
17/08/2015 20/07/2015 20/07/2015 10/07/2015  
15/09/2015 24/08/2015 20/08/2015 13/08/2015  
15/10/2015 22/09/2015 18/09/2015 11/09/2015  
16/11/2015 22/10/2015 20/10/2015 09/10/2015  
15/12/2015 23/11/2015 19/11/2015 12/11/2015  
Aggregate 2015 Dividend Declared ($Cdn) $ 0.04

Notes:

  1. Business day typically between the 22nd and 24th of each month (exact date will depend on number of business days in a particular month).
  2. Two business days before record date. In exceptional circumstances, Pengrowth may alter the normal ex-dividend date. Shareholders are encouraged to verify the ex-dividend date pertaining to a particular dividend through the press releases issued by  Pengrowth.

Historical Dividends