Vancouver-based senior gold producer Goldcorp Inc. has declared a quarterly dividend for the third quarter of 2018 of CAN$0.02 per share. Shareholders of record as of the close of business on Thursday 13 September 2018 will be entitled to receive payment on Friday 21 September 2018.
Dividend Reinvestment Plan
Goldcorp has a Dividend Reinvestment Plan (DRIP) in place. For the purposes of the quarterly dividend, the company has elected to issue common shares under the DRIP through treasury at a 3% discount to the Average Market Price. Dividends are only payable as and when declared by Goldcorp's Board of Directors and there is no entitlement to any dividend prior thereto.
According to the company, Goldcorp may, from time to time, at its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced.
Participation in the DRIP is optional and will not affect shareholders' cash dividends unless they elect to participate in the DRIP.Participation in the DRIP is open to all registered and beneficial shareholders in Canada and the United States. Shareholders that are resident in jurisdictions other than Canada and the United States may also participate in the DRIP, subject to any restrictions of laws in such shareholder's jurisdiction of residence.
The DRIP and enrollment forms are available on the company's website, www.goldcorp.com, in the "Investor – Information for Shareholders" section under "Information about Dividends".
All shareholders considering enrollment in the DRIP should carefully review the terms of the DRIP and consult with their advisors as to the implications of enrollment in the DRIP.
Read the article online at: https://www.globalminingreview.com/finance-business/03092018/goldcorp-declares-quarterly-dividend-for-3q18/