RE:Dividend on Ordinary SharesI interpreted the release as a semi-annual dividend of 10 cents now with a re-evaluation after the next six months for a possible annual dividend of 20 cents or higher.
Question is once they are comfortable paying the 20 cents, will it become a quarterly payment or remain as a semi-annual payment.
Betteryear2 wrote: The Board declared an inaugural dividend of $0.10 per ordinary share on January 26, 2022 (Montral time) / January 27, 2022 (Sydney time) in respect to the semi-annual results for the period ended September 30, 2021, payable on March 1, 2022, to registered shareholders at the close of business in Australia and Canada on February 8, 2022 (local time). The ordinary shares will begin trading on an ex-dividend basis at the open of trading in Australia and Canada on February 7, 2022.
The Board will evaluate any potential future dividends concurrently with the release of the Company's semi-annual and annual results.
For shareholders holding ordinary shares on the Australian share register, the dividend will be paid in Australian dollars. The dividend amounts received will be calculated by converting the dividend determined to be paid using the exchange rates applicable to Australian dollars five business days prior to the dividend payment date as published by the Bank of Canada.
For additional details on ordinary dividends, visit our website at www.championiron.com.