Post by
Al42 on Dec 08, 2011 1:07pm
another month no worry about dividend
December 08, 2011 12:26 ETNAL Energy Corporation Announces December DividendCALGARY, ALBERTA--(Marketwire - Dec. 8, 2011) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of
.07 per common share payable on January 16, 2012, to shareholders of record on December 22, 2011. The shares will begin trading on an ex-dividend basis on December 20, 2011.These dividends are designated as "eligible dividends" for Canadian income tax purposes.NAL's Board of Directors sets the dividend level taking into consideration commodity prices, forecast cash flow of the Corporation, financial market conditions, availability of financing, internal capital investment opportunities and taxability.