/EINPresswire.com/ -- CALGARY, ALBERTA -- (Marketwired) -- 08/10/16 -- Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) confirms that a dividend of $0.035 per common share will be paid on September 15, 2016 to shareholders of record on August 31, 2016 with an ex-dividend date of August 29, 2016. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

About Cardinal Energy Ltd.

Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal's operations are focused in all season access areas in Alberta.

Contacts:
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer and Chairman
(403) 216-2706

Cardinal Energy Ltd.
Douglas Smith
Chief Financial Officer
(403) 216-2709

Cardinal Energy Ltd.
Laurence Broos
VP Finance
(403) 727-2021

Cardinal Energy Ltd.
(403) 234-8681
(403) 234-0603 (FAX)
info@cardinalenergy.ca

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.