Newmont Declares Quarterly Dividend of $0.05 per Share; Announces Enhanced Gold Price-linked Dividend Policy
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Newmont’s Board also approved an enhanced gold price-linked dividend adjusting the annual payout levels, starting in the first quarter 2017, to provide additional upside to shareholders as gold prices increase.
“Our dividend doubled during the quarter and we’re pleased to offer our
shareholders even higher exposure to rising gold prices through our
enhanced dividend policy.” said
Newmont's updated gold price-linked dividend policy includes a quarterly
payable dividend based on the average LBMA P.M. Gold Price for the
preceding quarter. The policy includes a minimum
The declaration and payment of dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board.
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, statements relating to future dividend payments,future gold prices, future ability to generate free cash flow at reduced prices, and future shareholder value and returns. Investors are cautioned that the gold price linked dividend policy is 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, balance sheet strength, 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 or guidelines.