Common Share Dividends | Birchcliff Energy

Common Share Dividends


View our public documents here

Investor Relations

Please email to sign up for upcoming press releases.

Birchcliff’s dividend policy provides that until changed by the Board of Directors, dividends will be paid to the holders of common shares for the quarters ending March 31, June 30, September 30 and December 31. The payment date for any dividends declared shall be the last day of March, June, September and December; provided that, if any such date is not a business day, the payment date shall be the preceding business day.

The dividend policy is periodically reviewed by Birchcliff’s Board of Directors and no assurance can be given that Birchcliff will maintain the dividend policy in its current form. The declaration and payment of dividends is subject to the discretion of the Board of Directors and may vary depending on a variety of factors and conditions existing from time to time, including fluctuations in commodity prices and the financial condition of the Corporation.

Birchcliff advises that all common share dividends paid have been and will be designated as “eligible dividends” for the purposes of the Income Tax Act (Canada). This designation will apply until a notification of a change is posted on this website.


The following information is provided to holders or potential holders of common shares of Birchcliff for general information purposes only. Investors are encouraged to seek advice from a qualified tax advisor in the United States to obtain guidance with respect to the appropriate tax treatment of their common share dividends.

It has been determined that Birchcliff should be a “Qualified Foreign Corporation” and, subject to the holding period requirements discussed below, the dividend portion of its distributions should be considered “Qualified Dividends” for U.S. federal income tax purposes, and thus be eligible for the reduced tax rates applicable to long-term capital gains.

In order to qualify for the preferential capital gains rate discussed above, a United States shareholder must own the common shares for more than 60 days during the 120-day period beginning 60 days before the ex-dividend date.

Pursuant to the Canada – U.S. Tax Treaty, distributions paid to residents of the United States may be subject to a 15% Canadian withholding tax on 100% of the gross distribution. Amounts paid for foreign taxes may be eligible for a foreign tax credit in the United States; however, the foreign tax credit is subject to numerous limitations imposed by the Internal Revenue Code which are not discussed in this summary.

This information is not intended to be an exhaustive discussion of all possible income tax consequences, but a general guideline. It is not intended to be legal or tax advice to any particular holder or potential holder of common shares of Birchcliff. The holders or potential holders of common shares of Birchcliff should consult their own tax advisors as to their particular tax consequences and reporting obligations.

Dividend history for common shares

DeclaredRecordPayable OnTypeAmount(CDN$)
May 15, 2024June 14, 2024June 28, 2024Quarterly, Cash$0.10
January 17, 2024March 15, 2024March 28, 2024Quarterly, Cash$0.10
November 14, 2023December 15, 2023December 29, 2023Quarterly, Cash$0.20
August 10, 2023September 15, 2023September 29, 2023Quarterly, Cash$0.20
May 10, 2023June 15, 2023June 30, 2023Quarterly, Cash$0.20
January 18, 2023March 15, 2023March 31, 2023Quarterly, Cash$0.20
November 29, 2022December 15, 2022December 30, 2022Quarterly, Cash$0.02
October 13, 2022October 21, 2022October 28, 2022Special, Cash$0.20
August 30, 2022September 15, 2022October 03, 2022Quarterly, Cash$0.02
May 11, 2022June 15, 2022June 30, 2022Quarterly, Cash$0.02
February 22, 2022March 15, 2022March 31, 2022Quarterly, Cash$0.01
November 30, 2021December 15, 2021December 31, 2021Quarterly, Cash$0.01
September 1, 2021September 15, 2021October 1, 2021Quarterly, Cash$0.005
May 31, 2021June 15, 2021June 30, 2021Quarterly, Cash$0.005
February 23, 2021  March 15, 2021 March 31, 2021 Quarterly, Cash $0.005 
November 25, 2020 December 15, 2020 December 31, 2020 Quarterly, Cash $0.005 
September 1, 2020 September 15, 2020 September 30, 2020 Quarterly, Cash $0.005 
June 2, 2020 June 15, 2020 June 30, 2020 Quarterly, Cash $0.005 
February 26, 2020 March 16, 2020 March 31, 2020 Quarterly, Cash $0.02625 
November 26, 2019 December 16, 2019 December 31, 2019 Quarterly, Cash $0.02625 
September 3, 2019 September 16, 2019 September 30, 2019 Quarterly, Cash $0.02625 
June 4, 2019June 17, 2019 July 2, 2019Quarterly, Cash $0.02625
February 13, 2019March 15, 2019April 1, 2019Quarterly, Cash $0.02625
November 28, 2018December 17, 2018December 31, 2018Quarterly, Cash$0.025 
September 5, 2018September 17, 2018October 1, 2018Quarterly, Cash$0.025  
May 29, 2018June 15, 2018 July 3, 2018Quarterly, Cash$0.025 
February 28, 2018March 15, 2018April 2, 2018Quarterly, Cash$0.025
November 30, 2017 December 15, 2017 January 2, 2018 Quarterly, Cash $0.025
September 5, 2017 September 15, 2017 October 2, 2017 Quarterly, Cash $0.025 
May 30, 2017June 15, 2017June 30, 2017Quarterly, Cash$0.025
March 1, 2017March 15, 2017March 31, 2017Quarterly, Cash$0.025