Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold Corporation (TSX:K; NYSE:KGC) announced a dividend of US$0.03 per common share for Q4 2021. The dividend is payable on March 24, 2022, to shareholders of record as of the close of business on March 9, 2022. This dividend qualifies as an eligible dividend for Canadian income tax, while non-resident investors will face withholding taxes. Kinross focuses on operational excellence and disciplined growth, with mines in the US, Brazil, Russia, Mauritania, Chile, and Ghana.

Positive

• Dividend declaration of US$0.03 per share for Q4 2021
• Strengthens shareholder returns with scheduled dividend payments

Negative

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

TORONTO, Feb. 16, 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 fourth quarter of 2021.

The dividend is payable on March 24, 2022 to shareholders of record as of the close of business on March 9, 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 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 in Q4 2021?

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q4 2021.

When is the dividend payable to shareholders?

The dividend is payable on March 24, 2022.

What is the record date for Kinross Gold Corporation's dividend?

The record date for the dividend is March 9, 2022.

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

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