Kinross declares quarterly dividend

Rhea-AI Summary

Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend of US$0.03 per common share for the second quarter of 2024. The dividend will be paid on September 6, 2024, to shareholders of record as of the close of business on August 22, 2024. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Non-resident investors will be subject to Canadian non-resident withholding taxes. The declaration of this dividend demonstrates Kinross's commitment to providing returns to shareholders and confidence in its financial position.

Positive

• Consistent dividend payment indicates financial stability
• US$0.03 per share dividend provides income for shareholders
• Dividend qualifies as 'eligible dividend' for Canadian tax purposes

Negative

• None.

TORONTO, July 31, 2024 (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 second quarter of 2024.

The dividend is payable on September 6, 2024, to shareholders of record as of the close of business on August 22, 2024. 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 global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Media Contact
Victoria Barrington
Senior Director, Corporate Communications
phone: 647-788-4153
victoria.barrington@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 for Kinross Gold (KGC) for Q2 2024?

Kinross Gold (KGC) has declared a dividend of US$0.03 per common share for the second quarter of 2024.

When will Kinross Gold (KGC) pay its Q2 2024 dividend?

The dividend will be paid on September 6, 2024, to shareholders of record as of the close of business on August 22, 2024.

Is the Kinross Gold (KGC) dividend considered an 'eligible dividend' for Canadian tax purposes?

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

How are non-resident investors affected by Kinross Gold 's (KGC) dividend?

Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.