Business
Pan American Silver's Board approves third dividend of 2013 in the amount of $0.125 per share
(All amounts in US dollars unless otherwise stated) VANCOUVER , Aug. 14, 2013 /CNW/ ...
About this update from Pan American Silver Corp.
[{"type":"text","content":"\n\n\n(All amounts in US dollars unless otherwise stated)\n\n\nVANCOUVER, Aug. 14, 2013 /CNW/ - Pan American Silver Corp.'s (PAAS: NASDAQ; PAA: TSX) (\"Pan American\" or the \"Company\") Board of Directors has approved the\n third quarterly cash dividend of 2013 in the amount of $0.125 per\n common share.  Should the Company's Board of Directors continue to\n approve future quarterly dividends in the same amount, the annual cash\n dividend paid by Pan American would be $0.50 per common share, which\n represents a yield of approximately 3.6% based on the Company's closing\n share price on August 14, 2013.\n\n\nThe cash dividend will be distributed on or about Monday, September 9,\n 2013 to holders of record of common shares as of the close of business\n on Monday, August 26, 2013.  Specific distribution dates and amounts of\n future dividends will be determined by the Company's Board of Directors\n on an ongoing basis.\n\n\nPan American's dividends are designated as eligible dividends for the\n purposes of the Income Tax Act (Canada).\n\n\nAbout Pan American \nPan American's vision is to be the world's pre-eminent silver producer,\n with a reputation for excellence in discovery, engineering, innovation\n and sustainable development.  The Company has seven operating mines in\n Mexico, Peru, Argentina and Bolivia.  Pan American also owns several\n development projects in USA, Mexico, Peru and Argentina.\n\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This NEWS RELEASE contains \"forward-looking STATEMENTS\" within the\n meaning of the UNITED STATES Private Securities Litigation reform act\n of 1995 and \"fORWARD-LOOKING INFORMATION\" WITHIN THE MEANING OF\n applicable Canadian securities legislation. All statements, other than\n statements of historical fact, are forward-looking statements.\n Statements containing forward-looking information express, as at the\n date of this NEWS RELEASE, the Company's plans, estimates, forecasts,\n projections, expectations, or beliefs as to future events or results. \n SUCH forward-looking statements AND information include, but are not\n limited to statements as to any future dividends and annual yields.  \n\n\nThese statements reflect the Company's current views with respect to\n future events and are necessarily based upon a number of assumptions\n and e...