SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Rhea-AI Summary

On May 27, 2024, Silvercorp Metals (TSX/NYSE American: SVM) announced a semi-annual dividend of US$0.0125 per share. Shareholders of record by June 7, 2024, will receive the dividend by June 27, 2024. The dividends qualify as eligible for Canadian tax purposes. Future dividends will depend on market conditions, financial performance, cash requirements, and other relevant factors, as decided by the Board of Directors.

Positive

• Declaration of a semi-annual dividend indicates financial stability.
• Dividend of US$0.0125 per share to be disbursed, showing commitment to shareholder returns.
• Dividends qualify as eligible for Canadian tax purposes, beneficial for Canadian investors.

Negative

• Future dividends are not guaranteed and are contingent on various factors such as market conditions and financial performance.

Trading Symbol: TSX/NYSE American: SVM

VANCOUVER, BC, May 27, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 7, 2024, with a payment date of the dividend scheduled on or before June 27, 2024. 

The dividends are considered eligible dividends for Canadian tax purposes.

The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com 

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SOURCE Silvercorp Metals Inc

FAQ

What is the dividend amount declared by Silvercorp Metals (SVM) in May 2024?

Silvercorp Metals declared a semi-annual dividend of US$0.0125 per share.

When is the record date for Silvercorp Metals' (SVM) dividend payment?

The record date for the dividend payment is June 7, 2024.

When will Silvercorp Metals (SVM) pay the declared dividend?

The dividend will be paid on or before June 27, 2024.

Are the dividends declared by Silvercorp Metals (SVM) eligible for Canadian tax purposes?

Yes, the dividends are considered eligible for Canadian tax purposes.

What factors will determine Silvercorp Metals' (SVM) future dividend payments?

Future dividends will depend on commodity prices, market conditions, financial results, cash flows, and expected cash requirements.