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LUNDIN GOLD ANNOUNCES 50% INCREASE TO QUARTERLY DIVIDEND AND IMPLEMENTATION OF NORMAL COURSE ISSUER BID
LUNDIN GOLD ANNOUNCES 50% INCREASE TO QUARTERLY DIVIDEND AND IMPLEMENTATION OF NORMAL COURSE ISSU...
About this update from Lundin Gold Inc.
[{"type":"text","content":"\n\n\n\n LUNDIN GOLD ANNOUNCES 50% INCREASE TO QUARTERLY DIVIDEND AND IMPLEMENTATION OF NORMAL COURSE ISSUER BID\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-LEFT:0.17em; PADDING-RIGHT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Feb. 20, 2025\n \n\n /CNW/ -\n \n Lundin Gold Inc.\n \n (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)\n \n (\"Lundin Gold\" or the \"Company\")\n \n is pleased to announce that its Board of Directors has declared an increased quarterly cash dividend of\n \n US$0.30\n \n per common share (equivalent to\n \n C$0.43\n \n\n 1\n \n ), up from\n \n US$0.20\n \n per common share in previous quarters. The dividend will be payable on\n \n March 26, 2025\n \n to shareholders of record at the close of business on\n \n March 11, 2025\n \n . This dividend qualifies as an \"eligible dividend\" for Canadian income tax purposes. In addition, the Board of Directors has approved and the Toronto Stock Exchange (the \"TSX\") has accepted the Company's notice of intention to commence a normal course issuer bid (the \"NCIB\").\n \n PDF Version\n \n\n\n \"\n \n The Board's decision today to increase our quarterly dividend, for the second time in less than a year, reflects the ongoing strength of the business given\n \n Lundin Gold's\n \n strong revenues and operating cash flow and its future outlook,\n \n \" said\n \n Ron Hochstein\n \n , President and CEO. \"\n \n In conjunction with the increased dividend,\n \n\n we have put in place a normal course issuer bid, which is another tool under the Company's capital allocation program that increases flexibility and will be used opportunistically with respect to returning capital to shareholders.\n \n\n We remain committed to pursuing growth through our exploration programs and corporate development initiatives.\"\n \n\n\n\n Dividend Increase to\n \n US$0.30\n \n per common share\n \n\n\n Based on today's closing price ...