Dynacor Declares December 2022 Monthly Dividend

Rhea-AI Summary

Dynacor Group Inc. (DNGDF) announced a monthly dividend of C$0.0083 per share, payable on December 19, 2022, to shareholders on record by December 9, 2022. This marks the 33rd dividend and 23rd monthly payment. The dividend is classified as an “eligible dividend” for Canadian tax purposes. Future dividends will depend on the corporation’s financial health, cash needs, and other factors. Dynacor is involved in gold processing from artisanal and small-scale mining, operating chiefly in Peru, and plans expansion into new markets.

Positive

• Consistent dividend payments demonstrate financial stability.
• Monthly dividend of C$0.0083 reflects ongoing commitment to shareholders.
• Gold processing operations are likely to provide steady income.

Negative

• Future dividend payments are uncertain, dependent on financial conditions.

MONTREAL, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C$0.0083 per common share will be payable on December 19, 2022, to shareholders of record as of the close of business on December 9, 2022. This dividend represents the thirty third (33^rd) dividend and twenty third (23^rd) monthly payment made to shareholders.

The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.

ABOUT DYNACOR

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.

The corporation intends to expand its processing operations in other jurisdictions as well.

Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miner’s communities.

Dynacor is listed on the Toronto Stock Exchange (DNG).

FORWARD-LOOKING INFORMATION

Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.

Shares Outstanding: 38 612 957

Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

PDF available: http://ml.globenewswire.com/Resource/Download/2def7586-c188-445f-bca1-b3343ca986a2

FAQ

What is the dividend amount for Dynacor Group Inc. (DNGDF)?

Dynacor Group Inc. announced a dividend of C$0.0083 per common share.

When will the dividend for DNGDF be paid?

The dividend will be payable on December 19, 2022.

What is the record date for DNGDF's dividend?

The record date for the dividend is December 9, 2022.

Is Dynacor's dividend eligible for Canadian tax purposes?

Yes, the dividend qualifies as an 'eligible dividend' for Canadian income tax.

How many dividends has Dynacor paid to date?

Dynacor has paid a total of 33 dividends, including 23 monthly payments.