Alamos Gold Announces New Dividend Strategy for Shareholders
Alamos Gold's Dividend Announcement
All amounts referred to in this announcement are in United States dollars. Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has recently made headlines by declaring a quarterly dividend of US$0.025 per common share. The Board of Directors has shown a steadfast commitment, having paid dividends for an impressive 15 consecutive years.
In 2024, Alamos returned $41 million to its valued shareholders, reflecting a strong performance and dedication to shareholder value. The latest declared dividend will be payable to shareholders of record on a specified date, ensuring that those invested in Alamos Gold can look forward to consistent returns.
Dividend Dates and Details
The upcoming dividend is set to be distributed on a specified date to all shareholders who are on record by a designated cut-off time. This dividend qualifies as an “eligible dividend” under Canadian income tax regulations, providing additional benefits for shareholders within Canada.
Dividend Reinvestment Plan Explained
To further enhance shareholder value, Alamos has implemented a Dividend Reinvestment Plan (DRIP). This unique option allows shareholders to increase their investments in the company by opting to receive common shares instead of cash dividends. This arrangement comes at a discount to the market price, giving investors an opportunity to acquire more shares without standard transaction fees.
How to Enroll in the DRIP
Participating in the DRIP is entirely voluntary for shareholders. Interested investors can find detailed information about the enrollment process on the company’s official website. It's important to note that to qualify for the upcoming dividend, shareholders need to complete the DRIP enrollment by a specified time prior to the dividend record date.
About Alamos Gold Inc.
Alamos Gold is a Canadian-based intermediate gold producer with diversified operations across North America. The company operates three key sites, including the Island Gold District and Young-Davidson mine located in northern Ontario, as well as the Mulatos District in Mexico. With a commitment to sustainable development, Alamos Gold employs over 2,400 individuals and actively engages in enhancing its portfolio with several growth projects.
The Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba are notable ventures demonstrating Alamos's commitment to innovation and long-term value creation. The company continues to be traded on both the TSX and NYSE under the symbol “AGI”.
Contact Information for Inquiries
For those seeking further details about Alamos Gold or its initiatives, the following contacts are available:
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
Email inquiries can be sent to ir@alamosgold.com.
Frequently Asked Questions
What is the amount of the newly declared dividend by Alamos Gold?
The declared dividend is US$0.025 per common share.
How long has Alamos Gold been paying dividends?
Alamos Gold has paid dividends for 15 consecutive years.
What is the purpose of the Dividend Reinvestment Plan?
The DRIP allows shareholders to reinvest their dividends into additional shares at a discount to the market price.
How can shareholders enroll in the dividend reinvestment plan?
Shareholders can find enrollment forms and details on the company’s official website.
What are the key operations of Alamos Gold?
Alamos Gold operates in the Island Gold District, Young-Davidson mine, and the Mulatos District, focusing on expanding its production and sustainability practices.
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