Shares and dividends

Valener’s common and preferred shares are listed on the Toronto Stock Exchange under the “VNR” symbol for common shares and under the “VNR.PR.A” symbol for Series A preferred shares.

Valener’s dividend policy is to pay out a high proportion of its available cash in the form of quarterly dividends to its common shareholders.

All dividends paid by Valener are designated as eligible dividends, pursuant to the Income Tax Act. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

History of Valener’s dividends on common shares

 Amount  Declared  Paid/Payable  Record date Discount on new shares issued under DRIP *
$0.30 November 22, 2018 January 15, 2019 December 31, 2018 2%
$0.29 August 8, 2018 October 15, 2018 September 30, 2018 2%
$0.29 May 9, 2018 July 16, 2018 June 30, 2018 2%
$0.29 February 8, 2018 April 16, 2018 March 31, 2018 2%
$0.29 November 24, 2017 January 15, 2018 December 31, 2017 2%
$0.29 August 8, 2017 October 16, 2017 September 30, 2017 2%
$0.28 May 10, 2017 July 17, 2017 June 30, 2017 2%
$0.28 February 8, 2017 April 17, 2017 March 31, 2017 2%
$0.28 November 24, 2016 January 16, 2017 December 31, 2016 2%
$0.27 August 10, 2016 October 17, 2016 September 30, 2016 2%
$0.27 May 13, 2016 July 15, 2016 June 30, 2016 2%
$0.27 February 11, 2016 April 15, 2016 March 31, 2016 2%
$0.27 November 27, 2015 January 15, 2016 December 31, 2015 2%
$0.26 August 6, 2015 October 15, 2015 September 30, 2015 2%
 $0.26  May 14, 2015  July 15, 2015  June 30, 2015  2%
 $0.26  February 12, 2015  April 15, 2015  March 31, 2015  2%
 $0.25  November 27, 2014  January 15, 2015  December 31, 2014  5%
 $0.25  August 8, 2014  October 15, 2014  September 30, 2014  5%
 $0.25  May 14, 2014  July 15, 2014  June 30, 2014  5%
 $0.25  February 7, 2014  April 15,  2014  March 31, 2014  5%
 $0.25  November 27, 2013  January 15,  2014  December 31, 2013  5%
 $0.25  August 9, 2013  October 15, 2013  September 30, 2013  5%
 $0.25  May 10,  2013  July 15, 2013  June 28, 2013  5%
 $0.25  February 8, 2013  April 15, 2013  March 28, 2013  5%
 $0.25  November 28, 2012  January 15, 2013  December 31, 2012  5%
 $0.25  August 9, 2012  October 15, 2012  September 28, 2012  5%
 $0.25  May 11, 2012  July 16, 2012  June 29, 2012  5%
 $0.25  February 10, 2012  April 16, 2012  March 30, 2012  5%
 $0.25  November 17, 2011  January 16, 2012  December 30, 2011  5%
 $0.25  August 10, 2011  October 17, 2011  September 30, 2011  5%
 $0.25  May 13,  2011  July 15,  2011  June 30, 2011  2%
 $0.25  February 11, 2011  April 15, 2011  March 31, 2011  2%
 $0.25  November 18, 2010  January 17, 2011  December 30, 2010  2%
* Dividend Reinvestment Plan

History of Valener’s dividends on Series A preferred shares

Amount Declared Paid/Payable Record date
$0.288750 November 22, 2018 January 15, 2019 January 8, 2019
$0.288750 August 8, 2018 October 15, 2018 October 5, 2018
$0.288750 May 9, 2018 July 16, 2018 July 9, 2018
$0.288750 February 8, 2018 April 16, 2018 April 9, 2018
$0.288750 November 24, 2017 January 15, 2018 January 8, 2018
$0.271875 August 8, 2017 October 16, 2017 October 6, 2017
$0.271875 May 10, 2017 July 17, 2017 July 10, 2017
$0.271875 February 8, 2017 April 17, 2017 April 7, 2017
$0.271875 November 24, 2016 January 16, 2017 January 9, 2017
$0.271875 August 10, 2016 October 17, 2016 October 7, 2016
$0.271875 May 13, 2016 July 15, 2016 July 8, 2016
$0.271875 February 11, 2016 April 15, 2016 April 8, 2016
$0.271875 November 27, 2015 January 15, 2016 January 11, 2016
$0.271875 August 6, 2015 October 15, 2015 October 8, 2015
$0.271875 May 14, 2015 July 15, 2015 July 9, 2015
$0.271875 February 12, 2015 April 15, 2015 April 9, 2015
$0.271875 November 27, 2014 January 15, 2015 January 9, 2015
$0.271875 August 8, 2014 October 15, 2014 October 8, 2014
$0.271875 May 14, 2014 July 15, 2014 July 9, 2014
$0.271875 February 7, 2014 April 15, 2014 April 9, 2014
$0.271875 November 27, 2013 January 15, 2014 January 9,  2014
$0.271875 August 9,  2013 October 15, 2013 October 8, 2013
$0.271875 May 10, 2013 July 15, 2013 July 9, 2013
$0.271875 February 8, 2013 April 15, 2013 April 9, 2013
$0.271875 November 28, 2012 January 15, 2013 January 9, 2013
$0.390310 August 9, 2012 October 15, 2012 October 12, 2012

Dividend reinvestment plan

Valener has implemented a Dividend Reinvestment Plan (”the Plan”) pursuant to which its shareholders may elect to have their cash dividends reinvested in additional common shares of Valener.  Subject to limited exceptions, only residents of Canada may participate in the Plan.

The Plan helps shareholders increase their investment in common shares of Valener by offering both convenience and attractive cost savings:

  • Dividends are reinvested automatically;
  • Share price discount up to 5%;
  • No brokerage commissions and no administration fee; and
  • Plan is administered for shareholders.

The Plan currently offers a discount of 2% on new shares issued.
The discount is determined by Valener’s Board of Directors and is subject to change.
To view the full text of the Plan:

Dividend Reinvestment Plan

 

How to enrol?

If your name appears on the physical share certificate that represents your shares, you may contact the transfer agent, AST Trust Company (Canada), at 1-800-387-0825 and complete the enrollment  form for registered shareholders.

If your shares are held on your behalf by an intermediary such as a securities broker, dealer, bank, trust company or other financial institution, you must contact that intermediary.