Newmont Declares Quarterly Dividend of $0.25 Per Share

Before you go, we thought you'd like these...
Before you go close icon

Newmont Declares Quarterly Dividend of $0.25 Per Share

DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYS: NEM) ("Newmont" or the "Company") announced today its Board of Directors declared a quarterly dividend of $0.25 per share of common stock, payable on September 27, 2013, to holders of record at the close of business on September 5, 2013.

The third quarter 2013 dividend of $0.25 per share was based on the average London P.M. Fix of $1,415 per ounce for the second quarter 2013.


In addition, Newmont Mining Corporation of Canada Limited (TSX: NMC) today declared a regular quarterly dividend of CAD $0.2571 per share on its exchangeable shares, payable September 27, 2013, to holders of record at the close of business on September 5, 2013. This dividend is designated as an "eligible dividend" for Canadian tax purposes.

The Company's dividend policy is structured so that dividends paid may increase or decrease based on the London PM Fix average price of gold for the quarter.

Cautionary Statement:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, including, without limitation, statement relating to future dividend payments or gold prices. Investors are cautioned that the gold price-linked dividend guidelines are non-binding. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Newmont's financial results, cash and liquidity requirements, future prospects and other factors deemed relevant by the Board. The Board of Directors reserves all powers related to the declaration and payment of dividends. Consequently, in determining the dividend to be declared and paid on the common stock of the Company, the Board of Directors may revise or terminate such policy at any time without prior notice. As a result, investors should not place undue reliance on such policy guidelines.



Newmont Mining Corporation
Investor Contact
John Seaberg, 303-837-5743
john.seaberg@newmont.com
or
Allysa Howell, 303-837-5788
allysa.howell@newmont.com
or
Media Contact
Omar Jabara, 303-837-5114
omar.jabara@newmont.com
or
Diane Reberger, 303-967-9455
diane.reberger@newmont.com

KEYWORDS:   United States  North America  Canada  Colorado

INDUSTRY KEYWORDS:

The article Newmont Declares Quarterly Dividend of $0.25 Per Share originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners