Bullboard - Stock Discussion Forum First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It... see more

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TSX:AG - Post Discussion

First Majestic Silver Corp > Dividend

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Post by intowin on Feb 19, 2021 5:40am

Dividend

How much of an impact would the dividend have on the shorts? No doubt that’s why KN implemented it.

As previously announced on December 7, 2020, the Board of Directors had adopted a dividend policy under which the Company intends to pay quarterly dividends of 1% of net revenues commencing after the completion of the first quarter of 2021. The initial quarterly payment for the first quarter of 2021 is expected to be paid in May. In accordance with the rules of the Toronto Stock Exchange the Company will issue a press release at the time each quarterly dividend is declared. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

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Comment by CountOfMeltedCrisco on Feb 19, 2021 6:07am

If a dividend-paying stock has been shorted, the short has to cough up ca$h - yes, real hard cold ca$h, no "funny money" - to the true owner of the stock from whom they borrowed it to short. If KN really wanted to induce apoplexy, he'll spring a few "extra dividend" surprises along the way.

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First Majestic Silver Corp