CALGARY, July 16, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") confirms that a dividend of $0.025 per common and restricted voting share will be paid on August 17, 2015 to shareholders of record on July 31, 2015, with an ex-dividend date of July 29, 2015. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. The Board of Directors has declared the dividend payable in either cash or common shares at the election of the shareholder. Please visit Journey's website at www.journeyenergy.ca for more details on the Dividend Reinvestment Plan and the Stock Dividend Plan should shareholders wish to receive their dividends in common shares.
About the Company
Journey is a Canadian exploration and production company focused on conventional, oil-weighted operations in western Canada. Journey's strategy is to become a growth plus sustainable yield company focused on drilling on its existing core lands, implementing water flood projects, executing on accretive acquisitions and growing its production base. Journey seeks to optimize its legacy oil pools on existing lands through the application of best practices in horizontal drilling and, where feasible, with water floods.
SOURCE Journey Energy Inc.
For further information: Alex G. Verge, President and Chief Executive Officer, 403-303-3232, [email protected]; Gerry Gilewicz, Chief Financial Officer, 403-303-3238, [email protected]; Journey Energy Inc., 700, 517 - 10th Avenue SW, Calgary, AB T2R 0A8, 403-294-1635, www.journeyenergy.ca