Dynacor Declares September 2022 Monthly Dividend

Rhea-AI Summary

Dynacor Group Inc. (TSX: DNG) announced a monthly dividend of C$0.0083 per share, payable on September 19, 2022, to shareholders on record as of September 9, 2022. This marks the 30th dividend and 20th monthly payment to shareholders. The qualified dividend is subject to the Board's discretion based on the company's financial performance and cash needs. Dynacor operates as an industrial gold ore processor in Peru, focusing on environmentally and socially responsible gold production.

Positive

• Dividend of C$0.0083 signifies ongoing shareholder returns.
• 30th dividend declaration indicates a consistent payment history.

Negative

• Dependence on Board's discretion for future dividends may introduce uncertainty.

MONTREAL, Aug. 25, 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 September 19, 2022, to shareholders of record as of the close of business on September 9, 2022. This dividend represents the thirtieth (30^th) dividend and (20^th) twentieth 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: 38 795 317

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

PDF available: http://ml.globenewswire.com/Resource/Download/338f6a51-37e8-4602-889d-9f3955857e49 

FAQ

What is the dividend amount declared by Dynacor (DNGDF)?

Dynacor declared a dividend of C$0.0083 per share.

When will the next dividend be paid to Dynacor shareholders?

The next dividend will be payable on September 19, 2022.

What are the record dates for Dynacor's dividend payment?

Shareholders must be on record by September 9, 2022.

Is Dynacor's dividend eligible for Canadian tax benefits?

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

How often does Dynacor pay dividends?

Dynacor pays dividends monthly, and this is their 20th such payment.