Alvopetro Energy Ltd. Announces Q2 2025 Dividend and AGM Reminder
CALGARY, AB, June 16, 2025 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF), a prominent Canadian energy company specializing in oil and natural gas production, has declared a quarterly dividend of US$0.10 per common share. This dividend, payable in cash on July 15, 2025, is designated as an “eligible dividend” for Canadian income tax purposes. Shareholders of record at the close of business on June 30, 2025, will receive this dividend.
The announcement was echoed across multiple financial news platforms, including Newswire.ca, CEO.ca, OTCMarkets.com, and Finanzen.net, underscoring the significance of this declaration. For non-residents of Canada, dividend payments will be subject to a withholding tax at the Canadian statutory rate of 25%. However, shareholders may qualify for a reduced rate under applicable tax treaties between their country of residence and Canada. Further details can be found on Alvopetro’s website.
In addition to the dividend announcement, Alvopetro has reminded shareholders of its upcoming Annual General Meeting (AGM). This event is a pivotal opportunity for stakeholders to engage with the company’s leadership and gain insights into future strategies and performance.
Company Overview
Alvopetro Energy Ltd. operates both upstream and midstream, focusing on onshore natural oil, hydrocarbons, and gas fields. With a global clientele, the company is listed on the TSX Venture Exchange and maintains a market capitalization of 162.9 million CAD. As of June 12, 2025, Alvopetro’s close price stood at 6.11 CAD, with a 52-week high of 6.14 CAD and a low of 4.24 CAD on November 25, 2024. The company’s price-to-earnings ratio is 9.47, reflecting its financial health and market position.
As Alvopetro continues to navigate the dynamic energy sector, its commitment to delivering shareholder value remains evident through consistent dividend payments and strategic growth initiatives. Stakeholders are encouraged to stay informed about the company’s developments and participate in the upcoming AGM to contribute to its ongoing success.