Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation (KGC) announced a dividend of US$0.03 per common share for Q4 2022, payable on March 23, 2023. Shareholders on record as of March 8, 2023 will receive this payment, which qualifies as an eligible dividend for Canadian tax purposes. Non-resident investors will face Canadian withholding taxes on the dividend. Kinross Gold maintains its position as a leading global gold mining company with operations in the U.S., Brazil, Mauritania, Chile, and Canada.

Positive

• Declaration of a dividend at US$0.03 per share highlighting the company's commitment to returning value to shareholders.
• Dividend qualifying as an eligible dividend for Canadian tax purposes, benefiting Canadian investors.

Negative

• None.

TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2022.

The dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 8, 2023. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

About Kinross Gold Corporation

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Victoria Barrington
Senior Director, Corporate Communications
phone: 647-788-4153
victoria.barrington@kinross.com

Investor Relations Contact
Chris Lichtenheldt  
Vice-President, Investor Relations 
phone: 416-365-2761 
chris.lichtenheldt@kinross.com

Source: Kinross Gold Corporation

FAQ

What is the dividend amount declared by Kinross Gold Corporation for Q4 2022?

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q4 2022.

When will the dividend for Kinross Gold Corporation be paid?

The dividend will be payable on March 23, 2023.

What is the record date for the dividend payment from Kinross Gold Corporation?

The record date for the dividend payment is March 8, 2023.

Are dividends from Kinross Gold Corporation subject to withholding taxes for non-resident investors?

Yes, dividends paid to non-resident investors will be subject to Canadian non-resident withholding taxes.