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Alamos Gold Declares Quarterly Dividend and Announces Share Repurchases

Posted by Mr.Copper @ 12:07 on December 2, 2021  

part:

“TORONTO, Nov. 23, 2021 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.025 per common share. Additionally, the Company repurchased 383,000 shares at a cost of $2.9 million, or $7.55 per share, under its Normal Course Issuer Bid (“NCIB”) thus far in November.

Year-to-date the Company has repurchased 1,183,262 shares for $8.9 million. Including the upcoming dividend, the Company has returned $48 million to shareholders thus far in 2021 through dividends and share buybacks. The Company has paid dividends for 12 consecutive years during which time $235 million has been returned to shareholders through dividends and share buybacks.

The dividend is payable on December 21, 2021 to shareholders of record as of the close of business on December 7, 2021. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.”

https://finance.yahoo.com/news/alamos-gold-declares-quarterly-dividend-115500045.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.