Paramount Resources to Renew Normal Course Issuer Bid

The Toronto Stock Exchange accepted Paramount Resources' (POU.TO) notice to renew its normal course issuer bid (NCIB) for class A common shares, the energy company said Friday. Under the NCIB, Paramount may purchase up to 7,711,129 common shares, or 10% of the company's public float, from July 8, 2026, to July 7, 2027. The board also declared a cash dividend of $0.05 per common share, payable July 31 to shareholders of record on July 17. The dividend remained unchanged from the previous month.