08:35 AM EDT, 07/02/2025 (MT Newswires) -- Paramount Resources ( PRMRF ) on Wednesday said the Toronto Stock Exchange approved its notice to renew its normal course issuer bid for its class A common shares.

The company also declared a cash dividend of $0.05 per common share, unchanged from the prior month and payable on July 31, to shareholders of record on July 15.

On the NCIB, Paramount said it may buy back up to around 7.5 million common shares, which represents 10% of the public float of more than 75.1 million common shares as of June 24, out of a total of 143.6 million common shares outstanding. The bid will commence on July 8 and is due to expire on July 7, 2026.

Shares of the company closed down 0.7% to $21.67 on Monday on the TSX.