Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation (KGC) announced a dividend of US$0.03 per common share for Q1 2022. This dividend will be payable on June 16, 2022, to shareholders recorded as of June 2, 2022. It qualifies as an eligible dividend for Canadian tax, while non-resident investors will face Canadian withholding taxes. Kinross maintains operations in several countries, emphasizing responsible mining and operational excellence.

Positive

• Dividend of US$0.03 per share announced for Q1 2022.
• Dividend payable on June 16, 2022, demonstrating company commitment to returning value to shareholders.

Negative

• Non-resident shareholders subject to Canadian withholding taxes on dividends.

TORONTO, May 10, 2022 (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 2022.

The dividend is payable on June 16, 2022 to shareholders of record as of the close of business on June 2, 2022. 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, Canada, Russia and Ghana. Our focus on delivering value is based on our 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
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
louie.diaz@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 declared dividend amount for Kinross Gold Corporation (KGC) in Q1 2022?

The declared dividend amount for Q1 2022 is US$0.03 per common share.

When will the dividend for Q1 2022 be paid to shareholders of KGC?

The dividend will be paid on June 16, 2022.

What is the record date for the KGC dividend payment?

The record date for the dividend payment is June 2, 2022.

Are there tax implications for non-resident investors receiving KGC dividends?

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

Is the KGC dividend eligible for Canadian income tax purposes?

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