NAL Energy Corporation Announces February Dividend 02/09/2012 04:26 PM ET
CALGARY, ALBERTA, Feb 9, 2012 (Marketwire via COMTEX News Network) -- NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of
.05 per common share payable on March 15, 2012, to shareholders of record on February 23, 2012. The shares will begin trading on an ex-dividend basis on February 21, 2012.
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.
ABOUT NAL
NAL Energy Corporation generates returns for its shareholders by pursuing a strategy of acquiring, producing and selling crude oil, natural gas and natural gas liquids from assets based in southeastern Saskatchewan, central Alberta, and northeastern British Columbia.
SOURCE: NAL Energy Corporation
NAL Energy CorporationClayton ParadisDirector, Investor Relations403.294.3620 or Toll Free: 888.223.8792403.515.3407(FAX)ir@nal.ca
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