Alamos Gold Announces Quarterly Dividend
All amounts are expressed in United States dollars unless stated otherwise.
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has revealed that its Board of Directors has declared a quarterly dividend of US$0.025 per common share. The company has consistently demonstrated its commitment to returning value to shareholders, having paid dividends for 15 consecutive years. Over this time, Alamos has returned $354 million to its shareholders through dividends and share buybacks, including $30 million so far this year.
Details of the Dividend Payment
The declared dividend will be paid on September 26, 2024, to shareholders who are on record as of the close of business on September 12, 2024. Importantly, this dividend qualifies as an "eligible dividend" for Canadian income tax purposes, offering additional advantages to Canadian shareholders.
Dividend Reinvestment Plan
Alamos Gold has introduced a dividend reinvestment plan ("DRIP"). This initiative allows shareholders to increase their investment in the company by opting for common shares instead of cash dividends. Participants can purchase additional common shares at a 3% discount off the market price, making it a cost-effective way to grow their investment.
How to Enroll in the DRIP
Joining the DRIP is entirely optional. Shareholders who wish to participate can find more information and the required forms on the company’s website. To qualify for the dividend set for September 26, 2024, enrollment must be completed by 4:00 PM ET on the fifth business day before the dividend record date of September 12, 2024.
About Alamos Gold
Alamos Gold is a leading Canadian-based intermediate gold producer, known for its diversified operations across three main sites in North America. These include the Young-Davidson mine and the Island Gold District in northern Ontario, Canada, as well as the Mulatos District in Sonora State, Mexico. The company is actively pursuing growth through significant projects like the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada.
Commitment to Sustainability
Alamos Gold emphasizes sustainable practices and employs over 2,400 individuals, committed to upholding the highest standards of environmental and social governance. The company’s shares are publicly traded on both the TSX and NYSE under the symbol "AGI", highlighting its role as a major player in the gold production sector.
Contact Information
For further inquiries or additional information, please reach out to:
Scott K. Parsons
Senior Vice President, Corporate Development & Investor Relations
(416) 368-9932 x 5439
Frequently Asked Questions
What is the amount of the declared dividend by Alamos Gold?
The declared quarterly dividend by Alamos Gold is US$0.025 per common share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on September 26, 2024.
How has Alamos Gold supported its shareholders over the years?
Alamos Gold has returned $354 million to shareholders through dividends and share buybacks over the past 15 years.
What is the DRIP offered by Alamos Gold?
The Dividend Reinvestment Plan allows shareholders to reinvest their cash dividends into additional shares at a discount, enhancing their investment.
How can shareholders enroll in the DRIP?
Shareholders can enroll in the DRIP by accessing further information and necessary forms on the company’s website before the enrollment deadline.
