DIVIDENDS
On May 20, 2008, Trinidad declared a second quarter dividend of $0.15 per share. This dividend will be paid on July 15, 2008 to shareholders of record on June 30, 2008.
Trinidad’s dividend policy is subject to review quarterly by the board of directors; taking into consideration anticipated annual cash flow, the prevailing financial and market circumstances of Trinidad and other relevant factors.
Eligible Dividends for Canadian Tax Purposes
Trinidad confirms that all dividends paid to shareholders are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as “eligible dividends”.
Trinidad does not have a dividend reinvestment policy.
Dividend History:
| Dividend Record Date |
Payment Date |
Payment (per share) |
September 30, 2008
June 30, 2008
March 31, 2008
|
October 15, 2008
July 15, 2008
April 15, 2008 |
$0.150
$0.150
$0.050 |
On March 10, 2008, Trinidad’s unitholder’s approved the reorganization of Trinidad Energy Services Income Trust to Trinidad Drilling Ltd. Following this reorganization, Trinidad pays quarterly dividends to shareholders in place of the monthly distributions paid by the Trust. A summary of the distributions paid by the Trust follows.
Distribution History:
| Distribution Record Date |
Payment Date |
Payment (per trust unit) |
2008
February 29, 2008
January 31, 2008
|
March 17, 2008
February 15, 2008
|
$0.050
$0.050
|
2007
December 31, 2007
November 30, 2007
October 31, 2007
September 30, 2007
August 31, 2007
July 31, 2007
June 29, 2007
May 31, 2007
April 30, 2007
March 30, 2007
February 28, 2007
January 31, 2007 |
January 15, 2008
December 17, 2007
November 15, 2007
October 15, 2007
September 14, 2007
August 15, 2007
July 15, 2007
June 15, 2007
May 15, 2007
April 16, 2007
March 15, 2007
February 15, 2007 |
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115 |
2006
December 31, 2006
November 30, 2006
October 31, 2006
September 30, 2006
August 31, 2006
July 31, 2006
June 30, 2006
May 31, 2006
April 30, 2006
March 31, 2006
February 28, 2006
January 31, 2006 |
January 15, 2007
December 15, 2006
November 15, 2006
October 15, 2006
September 15, 2006
August 15, 2006
July 15, 2006
June 15, 2006
May 15, 2006
April 15, 2006
March 15, 2006
February 15, 2006
|
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.115
$0.095
$0.095
$0.085
$0.085
|
2005
December 31, 2005
November 30, 2005
October 31, 2005
September 30, 2005
August 31, 2005
July 31, 2005
June 30, 2005
May 31, 2005
April 30, 2005
March 31, 2005
February 28, 2005
January 31, 2005 |
January 15, 2006
December 15, 2005
November 15, 2005
October 15, 2005
September 15, 2005
August 15, 2005
July 15, 2005
June 15, 2005
May 15, 2005
April 15, 2005
March 15, 2005
February 15, 2005
|
$0.085
$0.085
$0.085
$0.085
$0.075
$0.075
$0.075
$0.075
$0.065
$0.065
$0.065
$0.060
|
2004
December 31, 2004
November 30, 2004
October 31, 2004
September 30, 2004
August 31, 2004
July 31, 2004
June 30, 2004
May 31, 2004
April 30, 2004
March 31, 2004
February 29, 2004
January 31, 2004 |
January 15, 2005
December 15, 2004
November 15, 2004
October 15, 2004
September 15, 2004
August 15, 2004
July 15, 2004
June 15, 2004
May 15, 2004
April 15, 2004
March 15, 2004
February 15, 2004
|
$0.060
$0.060
$0.060
$0.060
$0.060
$0.060
$0.055
$0.055
$0.055
$0.055
$0.045
$0.045
|
2003
December 31, 2003
November 30, 2003
October 31, 2003
September 30, 2003
August 31, 2003
July 31, 2003
June 30, 2003
May 31, 2003
April 30, 2003
March 31, 2003
February 29, 2003
January 31, 2003 |
January 15, 2004
December 15, 2003
November 15, 2003
October 15, 2003
September 15, 2003
August 15, 2003
July 15, 2003
June 15, 2003
May 15, 2003
April 15, 2003
March 15, 2003
February 15, 2003
|
$0.045
$0.045
$0.045
$0.035
$0.035
$0.035
$0.035
$0.030
$0.030
$0.030
$0.030
$0.030
|
2002
December 31, 2002
November 30, 2002
October 31, 2002 |
January 15, 2003
December 15, 2002
November 15, 2002
|
$0.0225
$0.0225
$0.030
|
|
