NAL Energy Corporation

NAL Energy Corporation

March 10, 2011 17:15 ET

NAL Energy Corporation Announces March Dividend

CALGARY, ALBERTA--(Marketwire - March 10, 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 April 15, 2011, to shareholders of record on March 22, 2011. The shares will begin trading on an ex-dividend basis on March 18, 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 6.4% cash-on-cash yield based on the March 10, 2011 closing share price of $13.15.

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.


NAL Energy Corporation provides a total return to its investors which combines income with modest 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