TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- 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.
Dundee Precious Metals Increases Quarterly Dividend by 33%