Cardinal Energy (TSE:CJ) has released an update.
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Cardinal Energy Ltd. has announced a monthly dividend of $0.06 per common share, scheduled to be paid on August 15, 2024, for shareholders on record as of July 31, 2024. The dividend is confirmed as cash payable and is recognized as an ‘eligible dividend’ for Canadian tax purposes. Additionally, Cardinal is known for its low-decline oil assets in Western Canada and is initiating its first thermal SAGD oil development project.
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