Dundee Precious Metals Increases Quarterly Dividend by 33%
18 Februar 2022 - 12:33AM
Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of
“the Company”) today announced that its Board of Directors has
declared a first quarter dividend of US$0.04 per common share,
representing a 33% increase to its quarterly dividend.
“The increase to our quarterly dividend reflects
our continued strong free cash flow generation, balance sheet
strength, and our commitment to delivering superior returns to our
shareholders through disciplined capital allocation,” said David
Rae, President and Chief Executive Officer. “In 2021, we returned a
total of $33 million of capital to shareholders between dividends
and share repurchases, representing 13% of our free cash flow, and
we are now further increasing our dividend reflecting our positive
outlook for the business.”
The dividend is payable on April 18, 2022 to
shareholders of record as at 5:00 p.m. Toronto local time on March
31, 2022.
Shareholders may elect to receive their dividend
in US or Canadian dollars by contacting their broker or, where
applicable, Computershare Investor Services Inc., the Company’s
registrar and transfer agent. If no election is made, residents of
Canada will be paid in Canadian dollars and non-residents of Canada
will be paid U.S. dollars. Dividends to be paid in Canadian dollars
will be converted to Canadian dollars using the spot exchange rate
on April 8, 2022.
This dividend qualifies as an “eligible
dividend” for Canadian income tax purposes. Dividends paid to
shareholders that are non-residents of Canada are generally subject
to withholding tax unless reduced in accordance with the provisions
of an applicable tax treaty.
About Dundee Precious
Metals
Dundee Precious Metals Inc. is a Canadian-based
international gold mining company with operations and projects
located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s
purpose is to unlock resources and generate value to thrive and
growth together. This overall purpose is supported by a foundation
of core values, which guides how the Company conducts its business
and informs a set of complementary strategic pillars and objectives
related to ESG, innovation, optimizing our existing portfolio, and
growth. The Company’s resources are allocated in-line with its
strategy to ensure that DPM delivers value for all of its
stakeholders. DPM’s shares are traded on the Toronto Stock Exchange
(symbol: DPM).
For further information please contact:
David RaePresident and Chief
Executive OfficerTel: (416) 365-5092drae@dundeeprecious.com
Hume KyleExecutive Vice
President and Chief Financial OfficerTel: (416)
365-5091hkyle@dundeeprecious.com
Jennifer CameronDirector,
Investor RelationsTel: (416)
219-6177jcameron@dundeeprecious.com
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