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.
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.