NAL Energy Corporation

NAL Energy Corporation

May 11, 2011 16:27 ET

NAL Energy Corporation Announces May Dividend

CALGARY, ALBERTA--(Marketwire - May 11, 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 June 15, 2011, to shareholders of record on May 24, 2011. The shares will begin trading on an ex-dividend basis on May 19, 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 6.6% cash-on-cash yield based on the May 10, 2011 closing share price of $12.66.

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 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, and northeastern British Columbia.

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