Pengrowth's policy is to pay its regular disbursement on or about the 15th of every month. So far this year, the company has paid $0.20 in dividends.

The current distribution annualizes to $0.47 per share. That yields 9.4% at Pengrowth's current stock price of $5.01.

Fool contributor Eric Volkman has no position in Pengrowth Energy. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.