Paramount Resources Ltd. (POU.TO) said Friday that the Toronto Stock Exchange has accepted the renewal of its normal course issuer bid, allowing the company to repurchase up to 7.71 million Class A common shares over the next year.
The renewed buyback program begins July 8, 2026, and expires July 7, 2027. The repurchase authorization represents 10% of the company's public float of 77.11 million shares as of June 30, 2026. Paramount had 145.94 million common shares outstanding at that date.
Under TSX rules, the company may purchase up to 72,576 shares per trading day, equal to 25% of the average daily trading volume over the past six months, while also being permitted one block purchase per calendar week, subject to exchange rules.
Separately, the company's board declared a cash dividend of C$0.05 per common share, payable on July 31, 2026, to shareholders of record as of July 17, 2026.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.