InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) announced that its board of directors has declared a monthly cash dividend of $0.09 per common share, payable on April 30, 2026, to shareholders of record at the close of business on April 15, 2026. The dividend is expected to be designated as an eligible dividend for Canadian tax purposes, providing tax advantages for Canadian resident shareholders.
This dividend declaration underscores InPlay Oil's focus on delivering consistent returns to its shareholders while maintaining a disciplined approach to capital allocation. The company operates as a junior oil and gas exploration and production company with operations in Alberta, concentrated on light oil production. Its portfolio includes long-lived, low-decline properties that offer drilling development and enhanced oil recovery potential, as well as undeveloped lands with exploration opportunities.
The announcement comes amid a period of volatility in the energy sector, where companies are balancing capital expenditures with shareholder distributions. InPlay's ability to sustain a monthly dividend signals confidence in its operational efficiency and cash flow generation. For investors, this dividend provides a steady income stream, which is particularly appealing in a market where energy prices remain uncertain.
InPlay Oil's common shares trade on the Toronto Stock Exchange under the symbol IPO and on the OTCQX Exchange under the symbol IPOOF. The company's strategic focus on light oil production in Alberta positions it to benefit from regional infrastructure and demand dynamics. The dividend declaration is a key component of InPlay's investor relations strategy, aiming to attract income-focused investors.
For more information, visit the company's website at https://www.inplayoil.com/. The full press release is available at https://ibn.fm/NfjK0.
