CALGARY,
AB, Jan. 2, 2025 /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 $0.15 per common share that will
be payable on January 31, 2025 to
shareholders of record on January 15,
2025. 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
There are no assurances as to the continuing declaration and
payment of future monthly dividends by the Company or the amount or
timing of any such dividends. 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.
SOURCE Paramount Resources Ltd.