Mining
Thursday, August 29th, 2024 3:19 pm EDT
Key Points
- Quarterly Dividend Declaration: Alamos Gold Inc. has declared a quarterly dividend of 2.5 U.S. cents per common share, payable on September 26, 2024, to shareholders of record as of September 12, 2024. The company has paid dividends for 15 consecutive years, returning $354 million to shareholders through dividends and share buybacks, including $30 million in 2024.
- Dividend Reinvestment Plan (DRIP): The company offers a dividend reinvestment plan allowing shareholders to purchase additional common shares at a 3% discount to the market price, without transaction costs. Enrollment in the DRIP is optional, with a deadline for the September 26 dividend being 4 p.m. ET on the fifth business day before the record date.
- Company Overview: Alamos Gold Inc. is a Canadian-based intermediate gold producer with operations in Northern Ontario, Canada, and Sonora, Mexico. The company has growth projects like the phase 3-plus expansion at Island and the Lynn Lake project in Manitoba. It employs over 2,400 people and focuses on sustainable development.
Alamos Gold Inc. has declared a quarterly dividend of 2.5 U.S. cents per common share. The company has paid dividends for 15 consecutive years, during which time $354-million (U.S.) has been returned to shareholders through dividends and share buybacks, including $30-million (U.S.) thus far in 2024.
The dividend is payable on Sept. 26, 2024, to shareholders of record as of the close of business on Sept. 12, 2024. This dividend qualifies as an eligible dividend for Canadian income tax purposes.
Dividend reinvestment plan (DRIP)
The company has implemented a dividend reinvestment plan. 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 electing to receive common shares in place of cash dividends. For shareholders that elect to participate in the DRIP, common shares will be issued from treasury at a 3-per-cent discount to the prevailing market price.
Enrolment in the DRIP is optional. Further information on the plan, including the forms needed to enroll, is available on the company’s website. In order to be eligible to participate in the Sept. 26, 2024, dividend, enrolment must be completed by 4 p.m. ET on the fifth business day prior to the Sept. 12, 2024, dividend record date.
About Alamos Gold Inc.
Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. These include the Young-Davidson mine and the Island gold district in Northern Ontario, Canada, and the Mulatos district in Sonora state, Mexico. Additionally, the company has a strong portfolio of growth projects, including the phase 3-plus expansion at Island, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.
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