Regular and Semi-annual performance dividend declared Lundin Mining Corp.'s board of directors has declared a regular quarterly dividend of nine cents per share and a semi-annual performance dividend of 11 cents per share, for a combined total of 20 cents per share of dividends declared. The dividends are payable on April 13, 2022, to shareholders of record at the close of business on March 25, 2022, and qualify as an eligible dividend for Canadian income tax purposes.
The company's total dividend is supported by its dividend framework aimed at returning to shareholders, through a combination of a regular base dividend and semi-annual variable performance dividend, a minimum target of 40 per cent of operating cash flow after capital investments, contingent payments and distributions to partners. The declaration, timing, amount and payment of future dividends remain at the discretion of the board of directors.
Dividends on shares traded on the Toronto Stock Exchange (TSX) will be paid in Canadian dollars on April 13, 2022. Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor in accordance with Euroclear principles on April 15, 2022. To execute the payment of the dividend, a temporary administrative cross-border transfer closure will be applied by Euroclear from March 24, 2022, up to, and including, March 25, 2022, during which period shares of the company cannot be transferred between TSX and Nasdaq Stockholm.