Petroleum & Resources Declares Dividend

BALTIMORE, Jan. 13, 2011 /PRNewswire/ -- The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) declared a dividend of $0.10 per share, payable March 1, 2011, to stockholders of record February 11, 2011, consisting of $0.03 of investment income, $0.01 short-term capital gain, and $0.05 long-term capital gain, all realized in 2010, and $0.01 investment income realized in 2011.

Petroleum & Resources Corporation is a Baltimore-based closed-end investment company.  Its stock trades on the New York Stock Exchange under the ticker symbol PEO.

For your convenience, all press releases are posted to our website.  If you would like to receive future press releases by fax or e-mail, please contact us.

SOURCE Petroleum & Resources Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED