Alamos Gold's Commitment to Shareholders
Alamos Gold Inc. (TSX: AGI) takes great pride in its commitment to returning value to its shareholders. With a record of steady profitability, this Canadian-based gold producer continues to reward its investors, proving to be a reliable option in the stock market.
Quarterly Dividend Declaration
Recently, Alamos Gold's Board of Directors announced a quarterly dividend of $0.025 per common share. This decision reflects the company's dedication to maintaining shareholder trust through consistent financial returns. Alamos has a commendable history of paying dividends for 15 consecutive years, reaffirming its stability and reliability. So far this fiscal year, they have returned a remarkable $41 million to their shareholders.
Dividend Payment Date
These dividends are set to be paid on December 19, 2024, to all shareholders on record as of the close of business on December 5, 2024. This announcement is important not only for current investors but also for potential investors considering entering the market.
Dividend Reinvestment Plan: A Smart Investment Option
To promote further investment among shareholders, Alamos has introduced a Dividend Reinvestment Plan (DRIP). This plan allows shareholders the choice to reinvest their dividends into additional shares at a slight discount to the market price. This option is a strategic move that benefits investors looking to grow their holdings without additional transaction costs.
Participation in the DRIP
Enrolling in the DRIP is straightforward but optional. Interested shareholders must complete their enrollment by 4:00 PM ET on the fifth business day before the dividend record date of December 5, 2024. Further details on enrollment can be found directly from the Company.
About Alamos Gold Inc.
Alamos Gold Inc. stands as a prominent intermediate gold producer based in Canada, with diversified operations extending across North America. The company operates three major sites: the Young-Davidson mine and Island Gold District in Ontario, and the Mulatos District located in Mexico. This impressive portfolio illustrates Alamos' strong foothold in the mining industry.
Growth Projects and Future Prospects
Alamos is not just about established operations; it has a robust portfolio of growth projects that signals bright future prospects. Noteworthy developments include the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba. These initiatives illustrate Alamos’ commitment to sustainable mining and ongoing innovation in their field.
Company Contact Information
For more information or inquiries, Alamos Gold provides clear access to their corporate development team. Individuals can reach out to:
Scott K. Parsons
Senior Vice President, Corporate Development & Investor Relations
(416) 368-9932 x 5439
Khalid Elhaj
Vice President, Business Development & Investor Relations
(416) 368-9932 x 5427
ir@alamosgold.com
Frequently Asked Questions
What is the declared quarterly dividend for Alamos Gold?
Alamos Gold has declared a quarterly dividend of $0.025 per common share.
When will the dividend be paid to shareholders?
The dividend will be paid on December 19, 2024, to shareholders on record as of December 5, 2024.
What is the Dividend Reinvestment Plan offered by Alamos Gold?
The DRIP allows shareholders to reinvest their cash dividends into additional shares at a 2% discount.
How long has Alamos Gold been paying dividends?
Alamos Gold has consistently paid dividends for 15 years, showcasing its reliability as an investment.
Where can I find more information about Alamos Gold?
More detailed information can be obtained through Alamos Gold's investor relations page on their official website.
