- The Board of Directors of Alamos Gold (TAGI) has declared a quarterly dividend of US$0.025 per common share
- The dividend is payable on June 30, 2022 to shareholders of record as of the close of business on June 16, 2022
- The dividend qualifies as an “eligible dividend” for Canadian income tax purposes
- Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America
- Alamos Gold Inc. began trading at $9.79 per share
The Board of Directors of Alamos Gold (AGI) has declared a quarterly dividend of US$0.025 per common share.
The company has paid dividends for 13 consecutive years, during which time $264 million has been returned to shareholders through dividends and share buybacks, including $27 million thus far in 2022.
This includes one million shares repurchased under the normal course issuer bid in May 2022 for $7.4 million, or $7.42 per share.
The dividend is payable on June 30, 2022, to shareholders of record as of the close of business on June 16, 2022. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
Alamos Gold has implemented a dividend reinvestment plan (DRIP). This gives shareholders the option of increasing their investment in Alamos at a discount to the prevailing market price and without incurring any transaction costs by choosing to receive common shares in place of cash dividends.
For shareholders that choose to participate in the DRIP, common shares will be issued from treasury at a 2 per cent discount to the prevailing market price. Participating in the DRIP is not mandatory.
To qualify for the June 30, 2022 dividend, enrollment must be completed by 4:00 pm EST on the fifth business day before the June 16, 2022 dividend record date.
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America.
Alamos Gold Inc. began trading at $9.79 per share.