Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q3 2020, payable on December 10, 2020. Shareholders on record by the close of business on November 25, 2020 will receive this dividend, which qualifies as an eligible dividend for Canadian income tax. Non-resident shareholders outside Canada should be aware of applicable withholding taxes. Kinross operates multiple mines across the Americas and Africa and is listed on both the Toronto Stock Exchange and the New York Stock Exchange under the symbols K and KGC, respectively.

Positive

• Declared a dividend of US$0.03 per share, enhancing shareholder income.
• Dividend qualifies as an eligible dividend for Canadian income tax purposes.

Negative

• Non-resident shareholders subject to Canadian withholding taxes.

TORONTO, Nov. 04, 2020 (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 2020.

The dividend is payable on December 10, 2020 to shareholders of record as of the close of business on November 25, 2020. 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, Chile, Ghana, Mauritania, and Russia. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Senior Director, 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 Corp.

FAQ

What is the dividend amount for Kinross Gold Corporation (KGC) in Q3 2020?

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q3 2020.

When is the payment date for KGC's Q3 2020 dividend?

The payment date for the Q3 2020 dividend is December 10, 2020.

What is the record date for KGC's dividend payment?

The record date for Kinross Gold's Q3 2020 dividend is November 25, 2020.

Are dividends from KGC subject to withholding tax for non-resident investors?

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