CALGARY, AB, Jan. 2, 2024 /CNW/ - Paramount Resources Ltd.
("Paramount" or the "Company") (TSX: POU) is pleased to announce
that its Board of Directors has declared a cash dividend of
$0.125 per common share that will be
payable on January 31, 2024 to
shareholders of record on January 15,
2024. The dividend will be designated as an "eligible
dividend" for Canadian income tax purposes.
ABOUT PARAMOUNT
Paramount is an independent, publicly traded, liquids-rich
natural gas focused Canadian energy company that explores for and
develops both conventional and unconventional petroleum and natural
gas, including longer-term strategic exploration and
pre-development plays, and holds a portfolio of investments in
other entities. The Company's principal properties are located in
Alberta and British Columbia. Paramount's class A common
shares are listed on the Toronto Stock Exchange under the symbol
"POU".
ADVISORIES
The potential payment of future dividends under the Company's
monthly dividend program would be considered forward-looking
information under applicable securities legislation. Although
Paramount believes that the expectations reflected in such
forward-looking information are reasonable based on the information
available at the time of this press release, undue reliance should
not be placed on the forward-looking information as Paramount can
give no assurance that such expectations will prove to be correct.
Such forward-looking information is based on a number of
assumptions which may prove to be incorrect, including assumptions
as to the Company's future free cash flow, operating results,
capital requirements and financial position. There are risks that
may result in the Company changing, suspending or discontinuing its
monthly dividend program, including changes to free cash flow,
operating results, capital requirements, financial position, market
conditions or corporate strategy and the need to comply with
requirements under debt agreements and applicable laws respecting
the declaration and payment of dividends. There are no assurances
as to the continuing declaration and payment of future dividends by
the Company or the amount or timing of any such dividends. For more
information relating to risks, see "Risk Factors" in
Paramount's annual information form for the year ended December 31, 2022, which is available on SEDAR+
at www.sedarplus.ca.
Any forward-looking information is provided as of the date
hereof and, except as required by applicable securities law,
Paramount undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Paramount Resources Ltd.