Centerra Gold Inc. announced that its Board of Directors has approved a quarterly dividend of C$0.05 per common share — approximately C$14.8 million or US$11.3 million. Statement of the company says.
The quarterly dividend is payable on December 4, 2020 to shareholders of record on November 20, 2020. The dividends are eligible dividends for Canadian income tax purposes.
«Centerra continues to proactively monitor closely the evolving situations relating to COVID-19 and the political events in the Kyrgyz Republic that occurred in the third quarter of 2020 and how these situations may affect the company’s business. The company notes that going forward, in addition to the other factors that the Board of Directors normally considers in connection with the declaration of dividends, it will also need to carefully consider whether, and the extent to which, developments relating to these matters may affect its dividend program. In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time-to-time based on, among other things, the company’s operating results, cash flow and financial conditions, Centerra’s current and anticipated capital requirements, and general business conditions,» the statement says.