Paramount Resources Boosts Shareholder Value

Paramount Resources (TSE:POU) has released an update.

Paramount Resources Ltd. has announced the renewal of its Normal Course Issuer Bid (NCIB), enabling the buyback of up to 7,888,902 Common Shares to potentially increase shareholder value. The company has also declared a cash dividend of $0.15 per share, payable on July 31, 2024. Through these initiatives, Paramount continues its commitment to shareholder returns, amidst market conditions that may not fully reflect the shares’ inherent value.

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