10% dividend increase... Company has been consistantly beating projections and raising productions numbers and NOW a 10% dividend increase...what is not to like here??
Agnico-Eagle Mines Limited - Dividend Increased 10% - Declared For 31st Consecutive Year
Stock Symbol:AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, Dec. 12, 2012 /PRNewswire/ - Agnico-Eagle Mines Limited (NYSE:AEM)(TSX:AEM) ("Agnico-Eagle" or the "Company") is pleased to announce that its Board of Directors has approved a 10% increase in the quarterly cash dividend to $0.22 per common share. The next quarterly dividend will be paid on March 15, 2013 to shareholders of record as of March 1, 2013. Agnico-Eagle has now declared a cash dividend to its shareholders for 31 consecutive years.
"We are proud to demonstrate the quality of our business with another dividend increase" said Sean Boyd, President and Chief Executive Officer. "With our proven strategy for increasing shareholder value remaining unchanged, we look forward to advancing our growth projects at La India, Goldex, LaRonde and Meliadine in 2013 and preparing for our next phase of production and cash flow growth" added Mr. Boyd.
Other Expected Dividend Record and Payment Dates for 2013
| Record Date |
Payment Date |
| June 3 |
June 17 |
| September 3 |
September 17 |
| December 2 |
December 16 |
Dividend Reinvestment Program
Please follow the link below for information on the Company's dividend reinvestment program.
DividendReinvestmentPlan
Senior Management Addition
Agnico-Eagle's Board of Directors is pleased to welcome Mr. Brian Christie to its senior management team. Mr. Christie has been appointed Vice-President, Investor Relations. In this role, he will lead and oversee all aspects of the Company's Investor Relations function.
Brian has a Master's degree in Geology from Queen's University as well as holding an Honours degree in Geology from the University of Toronto. Most recently Brian was with Desjardins Securities as VP and Director, Precious Metals Analyst.
About Agnico-Eagle
Agnico-Eagle is a long established, Canadian headquartered, gold producer with operations located in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the United States. The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales. It has declared a cash dividend for 31 consecutive years. www.agnico-eagle.com