CALGARY,
AB, Feb. 29, 2024 /CNW/ - Crescent Point
Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and
(NYSE: CPG) announces its Board of Directors has approved and
declared a quarterly cash base dividend of $0.115 per share, an increase of 15 percent from
the prior level as previously announced. The base dividend is
payable on April 1, 2024 to
shareholders of record on March 15,
2024.
Crescent Point's quarterly dividend is part of its overall
return of capital framework that targets the return of 60 percent
of excess cash flow to shareholders on an annual basis.
These dividends are designated as "eligible dividends" for
Canadian income tax purposes. For U.S. income tax purposes,
Crescent Point's dividends are considered "qualified
dividends."
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Shant Madian,
Vice President, Capital Markets, or
Sarfraz Somani, Manager,
Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are
traded on the Toronto Stock Exchange and New York Stock Exchange
under the symbol CPG.
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SOURCE Crescent Point Energy Corp.
