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.
Dividends
| Ex-Dividend Date |
Record Date |
Payment Date |
Dividends Amount |
Taxation Year |
|---|---|---|---|---|
| April 26, 2012 | April 30, 2012 | May 15, 2012 | $0.12 | 2012 |
| March 28, 2102 | March 31, 2012 | April 16, 2012 | $0.12 | 2012 |
| February 27, 2012 | February 29, 2012 | March 15, 2012 | $0.12 | 2012 |
| January 27, 2012 | January 31, 2012 | February 15, 2012 | $0.12 | 2012 |
| Total Dividends Declared in 2012 | $0.48 |
| Ex-Dividend Date |
Record Date |
Payment Date |
Dividends Amount |
Taxation Year |
|---|---|---|---|---|
| December 28, 2011 | December 31, 2011 | January 16, 2012 | $0.12 | 2011 |
| November 28, 2011 | November 30, 2011 | December 15, 2011 | $0.12 | 2011 |
| October 27, 2011 | October 31, 2011 | November 15, 2011 | $0.12 | 2011 |
| September 28, 2011 | September 30, 2011 | October 17, 2011 | $0.12 | 2011 |
| August 29, 2011 | August 31, 2011 | September 15, 2011 | $0.12 | 2011 |
| July 27, 2011 | July 31, 2011 | August 15, 2011 | $0.12 | 2011 |
| June 28, 2011 | June 30, 2011 | July 15, 2011 | $0.12 | 2011 |
| May 27, 2011 | May 31, 2011 | June 15, 2011 | $0.12 | 2011 |
| April 27, 2011 | April 30, 2011 | May 16, 2011 | $0.12 | 2011 |
| March 29, 2011 | March 31, 2011 | April 15, 2011 | $0.12 | 2011 |
| February 24, 2011 | February 28, 2011 | March 15, 2011 | $0.12 | 2011 |
| January 27, 2011 | January 31, 2011 | February 15, 2011 | $0.12 | 2011 |
| Total Dividends Declared in 2011 | $1.44 |
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, 2010 | December 31, 2010 | January 17, 2011 | $0.160 | 2010 |
| November 26, 2010 | November 30, 2010 | December 15, 2010 | $0.160 | 2010 |
| October 27, 2010 | October 31, 2010 | November 15, 2010 | $0.160 | 2010 |
| September 28, 2010 | September 30, 2010 | October 15, 2010 | $0.160 | 2010 |
| August 27, 2010 | August 31, 2010 | September 15, 2010 | $0.160 | 2010 |
| July 28, 2010 | July 31, 2010 | August 16, 2010 | $0.160 | 2010 |
| June 28, 2010 | June 30, 2010 | July 15, 2010 | $0.160 | 2010 |
| May 27, 2010 | May 31, 2010 | June 15, 2010 | $0.160 | 2010 |
| April 28, 2010 | April 30, 2010 | May 17, 2010 | $0.160 | 2010 |
| March 29, 2010 | March 31, 2010 | April 15, 2010 | $0.160 | 2010 |
| February 24, 2010 | February 28, 2010 | March 15, 2010 | $0.160 | 2010 |
| January 27, 2010 | January 31, 2010 | February 15, 2010 | $0.160 | 2010 |
| Total Distributions Declared in 2010 | $1.920 | |||
| December 29, 2009 | December 31,2009 | January 15, 2010 | $0.160 | 2009 |
| November 26, 2009 | November 30, 2009 | December 15, 2009 | $0.160 | 2009 |
| October 28, 2009 | October 31, 2009 | November 16, 2009 | $0.160 | 2009 |
| September 28, 2009 | September 30, 2009 | October 15, 2009 | $0.160 | 2009 |
| August 26, 2009 | August 31, 2009 | September 15, 2009 | $0.160 | 2009 |
| July 29, 2009 | July 31, 2009 | August 17, 2009 | $0.160 | 2009 |
| June 26, 2009 | June 30, 2009 | July 15, 2009 | $0.160 | 2009 |
| May 27, 2009 | May 31, 2009 | June 15, 2009 | $0.160 | 2009 |
| April 28, 2009 | April 30, 2009 | May 15, 2009 | $0.160 | 2009 |
| March 27, 2009 | March 31, 2009 | April 15, 2009 | $0.160 | 2009 |
| February 25, 2009 | February 28, 2009 | March 16, 2009 | $0.200 | 2009 |
| January 28, 2009 | January 31, 2009 | February 16, 2009 | $0.200 | 2009 |
| Total Distributions Declared in 2009 | $2.000 | |||
| December 29, 2008 | December 31, 2008 | January 15, 2009 | $0.300 | 2008 |
| November 26, 2008 | November 30, 2008 | December 15, 2008 | $0.300 | 2008 |
| October 29, 2008 | October 31, 2008 | November 17, 2008 | $0.300 | 2008 |
| September 26, 2008 | September 30, 2008 | October 15, 2008 | $0.300 | 2008 |
| August 27, 2008 | August 31, 2008 | September 15, 2008 | $0.300 | 2008 |
| July 29, 2008 | July 31, 2008 | August 15, 2008 | $0.300 | 2008 |
| June 26, 2008 | June 30, 2008 | July 15, 2008 | $0.300 | 2008 |
| May 28, 2008 | May 31, 2008 | June 16, 2008 | $0.300 | 2008 |
| April 28, 2008 | April 30, 2008 | May 15, 2008 | $0.300 | 2008 |
| March 27, 2008 | March 31, 2008 | April 15, 2008 | $0.300 | 2008 |
| February 27, 2008 | February 29, 2008 | March 17, 2008 | $0.300 | 2008 |
| January 29, 2008 | January 31, 2008 | February 15, 2008 | $0.300 | 2008 |
| Total Distributions Declared in 2008 | $3.600 | |||
| December 27, 2007 | December 31, 2007 | January 15, 2008 | $0.300 | 2007 |
| November 28, 2007 | November 30, 2007 | December 17, 2007 | $0.300 | 2007 |
| October 29, 2007 | October 31, 2007 | November 15, 2007 | $0.300 | 2007 |
| September 26, 2007 | September 30, 2007 | October 15, 2007 | $0.300 | 2007 |
| August 29, 2007 | August 31, 2007 | September 17, 2007 | $0.300 | 2007 |
| July 27, 2006 | July 31, 2007 | August 15, 2007 | $0.300 | 2007 |
| June 27, 2007 | June 30, 2007 | July 16, 2007 | $0.300 | 2007 |
| May 29, 2007 | May 31, 2007 | June 15, 2007 | $0.300 | 2007 |
| April 26, 2007 | April 30, 2007 | May 15, 2007 | $0.300 | 2007 |
| March 28, 2007 | March 31, 2007 | April 16, 2007 | $0.300 | 2007 |
| February 26, 2007 | February 28, 2007 | March 15, 2007 | $0.300 | 2007 |
| January 29, 2007 | January 31, 2007 | February 15, 2007 | $0.300 | 2007 |
| Total Distributions Declared in 2007 | $3.600 | |||
| December 27, 2006 | December 31, 2006 | January 15, 2007 | $0.300 | 2006 |
| November 28, 2006 | November 30, 2006 | December 15, 2006 | $0.300 | 2006 |
| October 27, 2006 | October 31, 2006 | November 15, 2006 | $0.300 | 2006 |
| September 27, 2006 | September 30, 2006 | October 16, 2006 | $0.330 | 2006 |
| August 29, 2006 | August 31, 2006 | September 15, 2006 | $0.330 | 2006 |
| July 27, 2006 | July 31, 2006 | August 15, 2006 | $0.330 | 2006 |
| June 28, 2006 | June 30, 2006 | July 17, 2006 | $0.330 | 2006 |
| May 29, 2006 | May 31, 2006 | June 15, 2006 | $0.330 | 2006 |
| April 26, 2006 | April 30, 2006 | May 15, 2006 | $0.330 | 2006 |
| March 29, 2006 | March 31, 2006 | April 17, 2006 | $0.330 | 2006 |
| February 24, 2006 | February 28, 2006 | March 15, 2006 | $0.330 | 2006 |
| January 27, 2006 | January 31, 2006 | February 15, 2006 | $0.330 | 2006 |
| Total Distributions Declared in 2006 | $3.870 | |||
| December 28, 2005 | December 31, 2005 | January 16, 2006 | $0.330 | 2005 |
| November 28, 2005 | November 30, 2005 | December 15, 2005 | $0.330 | 2005 |
| October 27, 2005 | October 31, 2005 | November 15, 2005 | $0.330 | 2005 |
| September 28, 2005 | September 30, 2005 | October 17, 2005 | $0.275 | 2005 |
| August 29, 2005 | August 31, 2005 | September 15, 2005 | $0.275 | 2005 |
| July 27, 2005 | July 31, 2005 | August 15, 2005 | $0.275 | 2005 |
| June 28, 2005 | June 30, 2005 | July 15, 2005 | $0.275 | 2005 |
| May 27, 2005 | May 31, 2005 | June 15, 2005 | $0.275 | 2005 |
| April 27, 2005 | April 30, 2005 | May 16, 2005 | $0.275 | 2005 |
| March 29, 2005 | March 31, 2005 | April 15, 2005 | $0.275 | 2005 |
| February 24, 2005 | February 28, 2005 | March 15, 2005 | $0.275 | 2005 |
| January 27, 2005 | January 31, 2005 | February 15, 2005 | $0.275 | 2005 |
| Total Distributions Declared in 2005 | $3.465 | |||
| December 29, 2004 | December 31, 2004 | January 17, 2005 | $0.275 | 2004 |
| November 26, 2004 | November 30, 2004 | December 15, 2004 | $0.275 | 2004 |
| October 27, 2004 | October 31, 2004 | November 15, 2004 | $0.275 | 2004 |
| September 28, 2004 | September 30, 2004 | October 15, 2004 | $0.250 | 2004 |
| August 27, 2004 | August 31, 2004 | September 15, 2004 | $0.250 | 2004 |
| July 28, 2004 | July 31, 2004 | August 16, 2004 | $0.250 | 2004 |
| June 28, 2004 | June 30, 2004 | July 15, 2004 | $0.250 | 2004 |
| May 26, 2004 | May 31, 2004 | June 15, 2004 | $0.250 | 2004 |
| April 28, 2004 | April 30, 2004 | May 17, 2004 | $0.250 | 2004 |
| March 29, 2004 | March 31, 2004 | April 15, 2004 | $0.250 | 2004 |
| February 25, 2004 | February 29, 2004 | March 15, 2004 | $0.250 | 2004 |
| January 28, 2004 | January 31, 2004 | February 16, 2004 | $0.250 | 2004 |
| Total Distributions Declared in 2004 | $3.075 | |||
| December 29, 2003 | December 31, 2003 | January 15, 2004 | $0.25 | 2003 |
| November 26, 2003 | November 30, 2003 | December 15, 2003 | $0.25 | 2003 |
| October 29, 2003 | October 31, 2003 | November 15, 2003 | $0.25 | 2003 |
| September 26, 2003 | September 30, 2003 | October 15, 2003 | $0.25 | 2003 |
| August 27, 2003 | August 31, 2003 | September 15, 2003 | $0.25 | 2003 |
| July 29, 2003 | July 31, 2003 | August 15, 2003 | $0.25 | 2003 |
| July 2 to December 31, 2003 | $1.500 | |||