STOCK TITAN

Dynacor Declares November 2022 Monthly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Dynacor Group Inc. (DNGDF) announced a monthly dividend of C$0.0083 per common share, payable on November 17, 2022, to shareholders of record by November 9, 2022. This represents the 32nd dividend and 22nd monthly payment to shareholders. The dividend qualifies as an eligible dividend for Canadian tax purposes. The Board of Directors will determine future dividend payments based on financial results and other relevant factors. Dynacor operates as an industrial gold ore processor in Peru and has plans to expand its processing operations.

Positive
  • Monthly dividend of C$0.0083 reflects ongoing shareholder returns.
  • Qualifies as an eligible dividend for Canadian tax purposes.
  • Continued operation in gold production through environmental sustainability programs.
Negative
  • None.

MONTREAL, Oct. 26, 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 November 17, 2022, to shareholders of record as of the close of business on November 9, 2022. This dividend represents the thirty second (32st) dividend and twenty second (22st) 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/b564d365-3338-4344-85d9-51226524d85d


FAQ

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

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

When is the dividend payment date for Dynacor Group Inc. (DNGDF)?

The dividend is payable on November 17, 2022.

What is the record date for the dividend payment from Dynacor Group Inc. (DNGDF)?

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

How many dividends has Dynacor Group Inc. (DNGDF) declared so far?

Dynacor has declared its 32nd dividend and 22nd monthly payment.

Is the dividend from Dynacor Group Inc. (DNGDF) eligible for tax benefits?

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

DYNACOR GROUP INC

OTC:DNGDF

DNGDF Rankings

DNGDF Latest News

DNGDF Stock Data

132.73M
29.57M
8.3%
10.15%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Montreal