Dynacor Declares March 2022 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines announced a monthly dividend of C$0.0083 per common share, payable on March 17, 2022, to shareholders registered by March 9, 2022. This marks the 24th dividend and 14th consecutive monthly payment. The dividend is categorized as an eligible dividend for Canadian tax purposes. The sustainability of future dividends will rely on the company’s financial performance and cash requirements.

Positive

• Monthly dividend of C$0.0083 increases shareholder income.
• The corporation has consistently paid dividends, enhancing investor confidence.

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• None.

MONTREAL, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Dynacor Gold Mines 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 March 17, 2022, to shareholders of record as of the close of business on March 9, 2022. This dividend represents the twenty-fourth (24^th) dividend and (14^th) fourteenth 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: 38,598,794                                  

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

PDF available: http://ml.globenewswire.com/Resource/Download/bb3d1ca4-1d7b-4592-9b3e-8a06caee068

FAQ

What is the dividend amount and payment date for DNGDF?

The dividend amount for DNGDF is C$0.0083 per share, payable on March 17, 2022.

When will the record date for the dividend payment be for DNGDF?

The record date for the dividend payment is March 9, 2022.

Is the dividend from Dynacor Gold Mines eligible for Canadian tax purposes?

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

How often does Dynacor Gold Mines pay dividends?

Dynacor Gold Mines pays dividends on a monthly basis.

What factors influence Dynacor's dividend payments?

Dynacor's dividend payments are influenced by its financial results, cash requirements, and other relevant factors.