InPlay Oil pays monthly dividends

[dan_s]

CALGARY, AB, Jan. 3, 2023 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on January 30, 2023, to shareholders of record at the close of business on January 16, 2023. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes.
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$0.015 X 12 = $0.18Cdn/year
IPO.TO is trading for $2.81Cdn this morning, so annualized yield is 6.4%

InPlay has a lot of "running room". It is now a classic "Growth + Income" stock with a lot of upside for us.