Agnico-Eagle Mines (TSX: T.AEM, Stock Forum) late Wednesday announced that its Board of Directors has approved a 10% increase in the quarterly cash dividend to 22 cents per common share, this according to a company news release.
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.
"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," said Agnico-Eagle President and CEO Sean Boyd.