Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation (TSX:K; NYSE:KGC) has announced a dividend of US$0.03 per common share for Q3 2021. This dividend is payable on December 15, 2021, to shareholders who are on record as of December 1, 2021. It qualifies as an ‘eligible dividend’ for Canadian tax purposes, while non-resident shareholders will incur Canadian withholding taxes. Kinross operates several mines globally, focusing on operational excellence and responsible mining.

Positive

• Declaration of a dividend of US$0.03 per share, reflecting shareholder value.
• Dividend payable to shareholders on December 15, 2021, indicating company confidence in cash flow.

Negative

• None.

TORONTO, Nov. 10, 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 third quarter of 2021.

The dividend is payable on December 15, 2021 to shareholders of record as of the close of business on December 1, 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
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 Q3 2021?

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q3 2021.

When is the dividend for Kinross Gold Corporation payable?

The dividend is payable on December 15, 2021.

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

The record date for the dividend is December 1, 2021.

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

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

What are the tax implications of dividends for Canadian residents from Kinross Gold Corporation?

Dividends qualify as 'eligible dividends' for Canadian income tax purposes.