Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation (KGC) has declared a quarterly dividend of US$0.03 per share, payable on June 17, 2021. Shareholders on record as of June 3, 2021 will receive this dividend, which qualifies as an eligible dividend for Canadian tax purposes. For non-resident shareholders, the dividend will be subject to Canadian non-resident withholding taxes. Kinross, based in Canada, operates gold mining projects across multiple countries, focusing on operational excellence and responsible mining.

Positive

• Quarterly dividend of US$0.03 per share announced.
• Dividend qualifies as eligible for Canadian income tax purposes.

Negative

• None.

TORONTO, May 11, 2021 (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 first quarter of 2021.

The dividend is payable on June 17, 2021 to shareholders of record as of the close of business on June 3, 2021. 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 senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations
phone: 416-365-3390
tom.elliott@kinross.com

Source: Kinross Gold Corporation

 

FAQ

What is the dividend amount declared by KGC?

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

When will the KGC dividend be paid?

The dividend is payable on June 17, 2021.

What is the record date for the KGC dividend?

The record date for the dividend is June 3, 2021.

Are KGC dividends subject to withholding taxes?

Dividends paid to non-resident investors will be subject to Canadian non-resident withholding taxes.

Is the KGC dividend eligible for Canadian tax purposes?

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