Dividends

Our objective is to set a prudent dividend policy that provides an attractive cash return to our shareholders, while reinvesting the remainder of our funds from operations to increase our production and equity value. This in turn, will strengthen our asset base, which will allow for consistent or modestly increasing dividend levels in the future. Our dividend policy is reviewed monthly and is based on a number of factors including current and future commodity prices, foreign exchange rates, our commodity hedging program, current operations and future investment opportunities.  We continually monitor the impact of all these factors and adjust our dividend and capital programs as conditions dictate.

Ex-Dividend
Date
Record
Date
Payment
Date
Dividends
Amount
Taxation
Year
 October 29, 2014October 31, 2014November 17, 2014$0.072014
 September 26, 2014September 30, 2014October 15, 2014$0.072014
 August 27, 2014August 31, 2014September 15, 2014$0.072014
 July 29, 2014July 31, 2014August 15, 2014$0.072014
 June 26, 2014June 30, 2014July 15, 2014$0.072014
May 28, 2014May 30, 2014June 16, 2014$0.072014
April 28, 2014April 30, 2014May 15, 2014$0.072014
March 27, 2014March 31, 2014April 15, 2014$0.072014
February 26, 2014February 28, 2014March 17, 2014$0.072014
January 29, 2014January 31, 2014February 17, 2014$0.072014
December 27, 2013December 31, 2013January 15, 2014$0.072014
Total Dividends Paid in 2014$0.77
Ex-Dividend
Date
Record
Date
Payment
Date
Dividends
Amount
Taxation
Year
November 27, 2013November 29, 2013December 16, 2013$0.072013
October 29, 2013October 31, 2013November 15, 2013$0.072013
September 26, 2013September 30, 2013October 15, 2013$0.072013
August 28, 2013August 31, 2013September 16, 2013$0.072013
July 29, 2013July 31, 2013August 15 ,2013$0.072013
June 26, 2013June 30, 2013July 15, 2013$0.072013
May 29, 3013May 31, 2013June 17, 2013$0.072013
April 26, 2013April 30, 2013May 15, 2013$0.072013
March 26, 2013March 31, 2013April 15, 2013$0.072013
February 26, 2013February 28, 2013March 15, 2013$0.072013
January 29, 2013January 31, 2013February 15, 2013$0.072013
December 27, 2012December 31, 2012January 15 2013$0.122013
Total Dividends Paid in 2013$0.89
Ex-Dividend
Date
Record
Date
Payment
Date
Dividends
Amount
Taxation
Year
November 28, 2012November 30, 2012December 17, 2012$0.122012
October 29, 2012October 31, 2012November 15, 2012$0.122012
September 26, 2012September 30, 2012October 15, 2012$0.122012
August 29, 2012August 31, 2012September 17, 2012$0.122012
July 27, 2012July 31, 2012August 15, 2012$0.122012
June 27, 2012June 30, 2012July 16, 2012$0.122012
May 29, 2012May 31, 2012June 15, 2012$0.122012
April 26, 2012April 30, 2012May 15, 2012$0.122012
March 28, 2012March 31, 2012April 16, 2012$0.122012
February 27, 2012February 29, 2012March 15, 2012$0.122012
January 27, 2012January 31, 2012February 15, 2012$0.122012
December 28, 2011December 31, 2011January 16, 2012$0.122012
Total Dividends Paid in 2012$1.44
Ex-Dividend
Date
Record
Date
Payment
Date
Dividends
Amount
Taxation
Year
November 28, 2011November 30, 2011December 15, 2011$0.122011
October 27, 2011October 31, 2011November 15, 2011$0.122011
September 28, 2011September 30, 2011October 17, 2011$0.122011
August 29, 2011August 31, 2011September 15, 2011$0.122011
July 27, 2011July 31, 2011August 15, 2011$0.122011
June 28, 2011June 30, 2011July 15, 2011$0.122011
May 27, 2011May 31, 2011June 15, 2011$0.122011
April 27, 2011April 30, 2011May 16, 2011$0.122011
March 29, 2011March 31, 2011April 15, 2011$0.122011
February 24, 2011February 28, 2011March 15, 2011$0.122011
January 27, 2011January 31, 2011February 15, 2011$0.122011
Total Dividends Paid in 2011$1.32

Distributions

Historical distributions paid while operating as Bonavista Energy Trust are as follows:

Ex-Distribution
Date
Record
Date
Payment
Date
Distribution
Amount
Taxation
Year
December 29, 2010December 31, 2010January 17, 2011$0.1602010
November 26, 2010November 30, 2010December 15, 2010$0.1602010
October 27, 2010October 31, 2010November 15, 2010$0.1602010
September 28, 2010September 30, 2010October 15, 2010$0.1602010
August 27, 2010August 31, 2010September 15, 2010$0.1602010
July 28, 2010July 31, 2010August 16, 2010$0.1602010
June 28, 2010June 30, 2010July 15, 2010$0.1602010
May 27, 2010May 31, 2010June 15, 2010$0.1602010
April 28, 2010April 30, 2010May 17, 2010$0.1602010
March 29, 2010March 31, 2010April 15, 2010$0.1602010
February 24, 2010February 28, 2010March 15, 2010$0.1602010
January 27, 2010January 31, 2010February 15, 2010$0.1602010
Total Distributions Declared in 2010$1.920
December 29, 2009December 31,2009January 15, 2010$0.1602009
November 26, 2009November 30, 2009December 15, 2009$0.1602009
October 28, 2009October 31, 2009November 16, 2009$0.1602009
September 28, 2009September 30, 2009October 15, 2009$0.1602009
August 26, 2009August 31, 2009September 15, 2009$0.1602009
July 29, 2009July 31, 2009August 17, 2009$0.1602009
June 26, 2009June 30, 2009July 15, 2009$0.1602009
May 27, 2009May 31, 2009June 15, 2009$0.1602009
April 28, 2009April 30, 2009May 15, 2009$0.1602009
March 27, 2009March 31, 2009April 15, 2009$0.1602009
February 25, 2009February 28, 2009March 16, 2009$0.2002009
January 28, 2009January 31, 2009February 16, 2009$0.2002009
Total Distributions Declared in 2009$2.000
December 29, 2008December 31, 2008January 15, 2009$0.3002008
November 26, 2008November 30, 2008December 15, 2008$0.3002008
October 29, 2008October 31, 2008November 17, 2008$0.3002008
September 26, 2008September 30, 2008October 15, 2008$0.3002008
August 27, 2008August 31, 2008September 15, 2008$0.3002008
July 29, 2008July 31, 2008August 15, 2008$0.3002008
June 26, 2008June 30, 2008July 15, 2008$0.3002008
May 28, 2008May 31, 2008June 16, 2008$0.3002008
April 28, 2008April 30, 2008May 15, 2008$0.3002008
March 27, 2008March 31, 2008April 15, 2008$0.3002008
February 27, 2008February 29, 2008March 17, 2008$0.3002008
January 29, 2008January 31, 2008February 15, 2008$0.3002008
Total Distributions Declared in 2008$3.600
December 27, 2007December 31, 2007January 15, 2008$0.3002007
November 28, 2007November 30, 2007December 17, 2007$0.3002007
October 29, 2007October 31, 2007November 15, 2007$0.3002007
September 26, 2007September 30, 2007October 15, 2007$0.3002007
August 29, 2007August 31, 2007September 17, 2007$0.3002007
July 27, 2006July 31, 2007August 15, 2007$0.3002007
June 27, 2007June 30, 2007July 16, 2007$0.3002007
May 29, 2007May 31, 2007June 15, 2007$0.3002007
April 26, 2007April 30, 2007May 15, 2007$0.3002007
March 28, 2007March 31, 2007April 16, 2007$0.3002007
February 26, 2007February 28, 2007March 15, 2007$0.3002007
January 29, 2007January 31, 2007February 15, 2007$0.3002007
Total Distributions Declared in 2007$3.600
December 27, 2006December 31, 2006January 15, 2007$0.3002006
November 28, 2006November 30, 2006December 15, 2006$0.3002006
October 27, 2006October 31, 2006November 15, 2006$0.3002006
September 27, 2006September 30, 2006October 16, 2006$0.3302006
August 29, 2006August 31, 2006September 15, 2006$0.3302006
July 27, 2006July 31, 2006August 15, 2006$0.3302006
June 28, 2006June 30, 2006July 17, 2006$0.3302006
May 29, 2006May 31, 2006June 15, 2006$0.3302006
April 26, 2006April 30, 2006May 15, 2006$0.3302006
March 29, 2006March 31, 2006April 17, 2006$0.3302006
February 24, 2006February 28, 2006March 15, 2006$0.3302006
January 27, 2006January 31, 2006February 15, 2006$0.3302006
Total Distributions Declared in 2006$3.870
December 28, 2005December 31, 2005January 16, 2006$0.3302005
November 28, 2005November 30, 2005December 15, 2005$0.3302005
October 27, 2005October 31, 2005November 15, 2005$0.3302005
September 28, 2005September 30, 2005October 17, 2005$0.2752005
August 29, 2005August 31, 2005September 15, 2005$0.2752005
July 27, 2005July 31, 2005August 15, 2005$0.2752005
June 28, 2005June 30, 2005July 15, 2005$0.2752005
May 27, 2005May 31, 2005June 15, 2005$0.2752005
April 27, 2005April 30, 2005May 16, 2005$0.2752005
March 29, 2005March 31, 2005April 15, 2005$0.2752005
February 24, 2005February 28, 2005March 15, 2005$0.2752005
January 27, 2005January 31, 2005February 15, 2005$0.2752005
Total Distributions Declared in 2005$3.465
December 29, 2004December 31, 2004January 17, 2005$0.2752004
November 26, 2004November 30, 2004December 15, 2004$0.2752004
October 27, 2004October 31, 2004November 15, 2004$0.2752004
September 28, 2004September 30, 2004October 15, 2004$0.2502004
August 27, 2004August 31, 2004September 15, 2004$0.2502004
July 28, 2004July 31, 2004August 16, 2004$0.2502004
June 28, 2004June 30, 2004July 15, 2004$0.2502004
May 26, 2004May 31, 2004June 15, 2004$0.2502004
April 28, 2004April 30, 2004May 17, 2004$0.2502004
March 29, 2004March 31, 2004April 15, 2004$0.2502004
February 25, 2004February 29, 2004March 15, 2004$0.2502004
January 28, 2004January 31, 2004February 16, 2004$0.2502004
Total Distributions Declared in 2004$3.075
December 29, 2003December 31, 2003January 15, 2004$0.252003
November 26, 2003November 30, 2003December 15, 2003$0.252003
October 29, 2003October 31, 2003November 15, 2003$0.252003
September 26, 2003September 30, 2003October 15, 2003$0.252003
August 27, 2003August 31, 2003September 15, 2003$0.252003
July 29, 2003July 31, 2003August 15, 2003$0.252003
July 2 to December 31, 2003$1.500
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