Petroleum & Resources Corporation Declares Year-End Distribution of Capital Gains and Investment Income

Share Name	Share Symbol	Market	Type
Exelon Corp	TG:PEO	Tradegate	Ordinary Share

Share Name

Share Symbol

Market

Type

Exelon Corp

TG:PEO

Tradegate

Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	35.49	35.34	35.69				0.00	06:32:02

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

35.49

35.34

35.69

0.00

06:32:02

Petroleum & Resources Corporation Declares Year-End Distribution of Capital Gains and Investment Income

12/11/2009 5:30pm

PR Newswire (US)

Exelon (TG:PEO)
Historical Stock Chart

From May 2019 to May 2024

BALTIMORE, Nov. 12 /PRNewswire-FirstCall/ -- The Board of Directors of Petroleum & Resources Corporation (NYSE:PEO) declared today a year-end distribution of $1.04 per share, consisting of the following: 1) a capital gains distribution of $0.98 per share from net capital gains realized during 2009, comprised of $0.14 short-term and $0.84 long-term capital gain; and 2) an income dividend of $0.06 per share from 2009 net investment income. The payable date for the distribution is December 28, 2009, the record date is November 20, 2009, and the ex-dividend date is November 18, 2009. Both payments are payable in stock or cash at the option of each stockholder. This marks the 58th consecutive year in which the Corporation has paid out capital gains to its stockholders and the 75th consecutive year of paying dividends to its stockholders. With this distribution, total distributions by the Corporation for 2009 will be $1.40, including distributions made prior to today's announcement of $0.36 per share, which consisted of $0.31 from investment income and $0.05 from long-term capital gain. The annual distribution rate paid to stockholders by the Corporation for 2009 will be approximately 6.7%, calculated by dividing the total dividends and capital gains distributed during the year by the average daily market price of the Corporation's Common Stock. For comparison, in 2008, the Corporation paid total distributions of $2.99, consisting of $0.38 in dividends and $2.61 in capital gains, and representing an annual distribution rate of 8.9%. Petroleum & Resources is a Baltimore-based closed-end investment company. For further information, contact: Douglas G. Ober, Chairman, President & CEO Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary at (410) 752-5900 or (800) 638-2479. e-mail: website: http://www.peteres.com/ DATASOURCE: Petroleum & Resources Corporation CONTACT: Douglas G. Ober, Chairman, President & CEO, or Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary, +1-410-752-5900 or 800-638-2479, Web Site: http://www.peteres.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

PEO Exelon Corp