NAL Energy Corporation
TSX : NAE

NAL Energy Corporation

April 12, 2011 17:34 ET

NAL Energy Corporation Announces April Dividend

CALGARY, ALBERTA--(Marketwire - April 12, 2011) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of $0.07 per common share payable on May 16, 2011, to shareholders of record on April 25, 2011. The shares will begin trading on an ex-dividend basis on April 20, 2011.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

The current monthly dividend totals $0.84 per common share on an annualized basis, and represents a 6.5% cash-on-cash yield based on the April 12, 2011 closing share price of $12.95.

NAL's Board of Directors sets the dividend level taking into consideration commodity prices, forecast cash flow of the Corporation, financial market conditions, availability of financing, internal capital investment opportunities and taxability.

ABOUT NAL

NAL Energy Corporation provides a total return to its investors which combines income with prudent growth in the Canadian upstream oil and gas industry. The Corporation generates returns for its shareholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, northeastern British Columbia and Lake Erie, Ontario.

Contact Information