Osisko Gold Royalties Ltd Announces Fourth Quarter Dividend
Osisko Gold Royalties Ltd (NYSE: OR) recently announced an important financial decision that investors should note. The company's Board of Directors has approved a dividend of C$0.065 per common share for the fourth quarter of 2024. This is a crucial development for shareholders looking for returns on their investments.
Details of the Dividend Declaration
This dividend is set to be paid on January 15, 2025, to those shareholders who are on record by the close of business on December 31, 2024. It's worth noting that this dividend is classified as an "eligible dividend" under the Income Tax Act in Canada.
Impact on U.S. Shareholders
For shareholders based in the United States, the dollar equivalent of this dividend will be determined according to the daily rates provided by the Bank of Canada on the payment date. This consideration gives U.S. investors a clear understanding of what they can expect in dollar terms.
Dividend Reinvestment Plan
Osisko Gold Royalties has also announced the implementation of a Dividend Reinvestment Plan (the "Plan"). Shareholders residing in both Canada and the United States have the option to participate, allowing them to reinvest their dividends, potentially increasing their holdings without needing additional funds. More detailed information about this plan can be found on the company’s website.
Getting Started with the Plan
Non-registered beneficial shareholders interested in the Plan should reach out to their respective financial institutions, such as their brokers or banks. They will need to confirm the enrollment deadlines and ensure they understand how to register for the Plan. Inquiries can be directed to Osisko’s transfer agent by calling a designated toll-free number.
Tax Implications
It is essential for investors to recognize that participating in the Dividend Reinvestment Plan does not exempt them from tax liabilities concerning their reinvested dividends. Shareholders are encouraged to consult with their tax advisors to grasp the implications based on their specific circumstances.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties is an intermediate precious metal royalty company established with a considerable focus on North America. It boasts a diverse portfolio comprising over 185 royalties, streams, and precious metal offtakes, with 20 of these being producing assets. Central to its value proposition is a 3-5% net smelter return royalty on the prominent Canadian Malartic Complex, which is one of the largest gold mines in Canada.
Company Headquarters
Osisko’s headquarters is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2, providing a strategic location from which they manage their operations.
Contact Information
For any additional inquiries or further information regarding the recent dividend announcement or the company’s operations, investors can get in touch with Osisko Gold Royalties Ltd directly. This includes reaching out to Grant Moenting, Vice President of Capital Markets, at a provided Toll-Free number or through email. Additionally, Heather Taylor, Vice President of Sustainability & Communications, is also accessible for inquiries.
Frequently Asked Questions
What is the dividend amount declared by Osisko Gold Royalties?
Osisko Gold Royalties has declared a dividend of C$0.065 per common share for the fourth quarter of 2024.
When will the dividend be paid?
The dividend will be paid on January 15, 2025, to shareholders who are on record as of December 31, 2024.
How can shareholders reinvest their dividends?
Shareholders can participate in the Dividend Reinvestment Plan to reinvest their dividends, thus increasing their holdings.
Are there tax implications for reinvested dividends?
Yes, participating in the Dividend Reinvestment Plan does not exempt shareholders from tax liabilities related to dividends.
Where is Osisko Gold Royalties headquartered?
Osisko Gold Royalties is headquartered at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
