Kinross declares quarterly dividend

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q4 2020, payable on March 18, 2021.

Rhea-AI Summary

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q4 2020, payable on March 18, 2021. Shareholders on record as of March 3, 2021 will receive the payment. This dividend qualifies as an 'eligible dividend' for Canadian tax, while non-resident investors will face withholding taxes. Kinross operates in multiple countries, focusing on value through operational excellence and responsible mining practices.

Positive

• Declared a quarterly dividend of US$0.03 per share, indicating confidence in cash flow.

Negative

• None.

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News Market Reaction – KGC

In the trading session that priced this news, KGC declined 0.41%, reflecting a mild negative market reaction.

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TORONTO, Feb. 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 fourth quarter of 2020.

The dividend is payable on March 18, 2021 to shareholders of record as of the close of business on March 3, 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
Tom Elliott
Senior Vice-President, Investor Relations
phone: 416-365-3390
tom.elliott@kinross.com

Source: Kinross Gold Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by KGC for Q4 2020?

Kinross Gold Corporation declared a dividend of US$0.03 per common share for Q4 2020.

When is the dividend payment date for KGC?

The dividend is payable on March 18, 2021.

Who qualifies for the KGC dividend?

Shareholders of record as of March 3, 2021 qualify for the dividend.

Are KGC dividends subject to withholding tax?

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

Is the KGC dividend eligible for Canadian tax purposes?

Yes, the dividend qualifies as an 'eligible dividend' for Canadian income tax.