InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) has declared a monthly cash dividend of $0.09 per common share, the company announced. The dividend is payable on April 30, 2026, to shareholders of record at the close of business on April 15, 2026. It is expected to be designated as an eligible dividend for Canadian tax purposes, providing tax advantages for Canadian residents.
This announcement underscores InPlay's focus on returning value to shareholders while maintaining a disciplined capital allocation strategy. The company, a junior oil and gas exploration and production firm, operates in Alberta with a focus on light oil production. Its portfolio includes long-lived, low-decline properties with drilling development and enhanced oil recovery potential, as well as undeveloped lands for exploration. This operational base supports consistent cash flow, enabling regular dividend payments.
The dividend declaration is significant for investors seeking income in the energy sector. At the current share price, the monthly dividend implies an attractive annualized yield. InPlay's ability to sustain dividends reflects its operational efficiency and the quality of its asset base. The company's shares trade on the Toronto Stock Exchange under the symbol IPO and on the OTCQX Exchange under IPOOF.
For more details, the full press release is available at https://ibn.fm/NfjK0. Additional information about InPlay Oil Corp. can be found on its website at https://www.inplayoil.com/.
This news was disseminated on behalf of InPlay Oil Corp. and may include paid advertising. It is important for investors to consider the risks and consult their financial advisors before making investment decisions.
