BALTIMORE, MARYLAND -- January 13, 2011 -- 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.
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For further information, please contact:
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479