SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE
Rhea-AI Summary
Silvercorp Metals (TSX/NYSE American: SVM) has announced a semi-annual dividend of US$0.0125 per share. The dividend will be paid to shareholders of record as of June 6, 2025, with payment scheduled on or before June 26, 2025. These dividends qualify as eligible dividends for Canadian tax purposes. The company notes that future dividend declarations and payments will be subject to Board discretion, considering factors such as commodity prices, market conditions, financial results, cash flows, and other relevant factors.
Positive
- Declaration of semi-annual dividend demonstrates financial stability
- Dividend maintains consistent shareholder returns
- Eligible dividend status provides tax advantages for Canadian investors
Negative
- Relatively small dividend amount of US$0.0125 per share
- Future dividends subject to market conditions and commodity prices
News Market Reaction
On the day this news was published, SVM gained 6.74%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Trading Symbol: TSX/NYSE American: SVM
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.
