Petroleum & Resources Declares Dividend of $0.10/sh

The Board of Directors of Petroleum & Resources Corporation 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.