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Alamos Gold Inc. has announced that the company’s Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid dividends for 15 consecutive years during which time $344 million has been returned to shareholders through dividends and share buybacks, including $20 million thus far in 2024.
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The dividend is payable on June 27, 2024 to shareholders of record as of the close of business on June 13, 2024. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
The Company has implemented a dividend reinvestment plan (“DRIP”). This gives shareholders the option of increasing their investment in Alamos, at a discount to the prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash dividends. For shareholders that elect to participate in the DRIP, common shares will be issued from treasury at a 3% discount to the prevailing market price.
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Insight: Growth in Shareholder Returns
Alamos Gold Inc.’s consistent payment of dividends over the past 15 years reflects the company’s commitment to creating value for its shareholders. By returning $344 million through dividends and share buybacks, including $20 million in 2024 alone, the company has demonstrated solid financial performance and growth in shareholder returns.
Insight: Dividend Reinvestment Plan
The implementation of a dividend reinvestment plan by Alamos Gold Inc. provides an attractive opportunity for shareholders to enhance their investment in the company. By electing to receive common shares through the DRIP, shareholders can benefit from a 3% discount to the prevailing market price, thereby increasing their ownership in Alamos Gold Inc. without incurring transaction costs. This strategy not only allows shareholders to reinvest dividends efficiently but also signals the company’s confidence in its future growth prospects.
