Dundee Precious Metals Increases Quarterly Dividend by 50%
Dundee Precious Metals, Inc.
Tue, December 8, 2020, 3:00 PM MST
TORONTO, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of “the Company”) today announced that its Board of Directors has approved a 50% increase to its quarterly dividend, which will now be US$0.03 per common share and will commence with its previously announced fourth quarter dividend.
“This increase to our quarterly dividend reflects our ongoing strong operational performance, significant free cash flow generation and growing cash balance,” said David Rae, President and Chief Executive Officer. “This further demonstrates our commitment to delivering superior returns to our shareholders through disciplined capital allocation and our confidence in our operations.”
As previously announced, the fourth quarter dividend is payable on January 15, 2021 to shareholders of record as at 5:00 p.m. Toronto local time on December 31, 2020.