Newmont Increases Quarterly Dividend to $0.14 per Share
February 20 2018 - 6:55AM
Business Wire
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company)
announced that its Board of Directors declared an increase in the
fourth quarter dividend to $0.14 per share of common stock, payable
on March 22, 2018, to holders of record at the close of business on
March 8, 2018.
“We’re pleased to announce that we have raised our dividend to
nearly three times higher than the prior year quarter,” said Gary
J. Goldberg, President and Chief Executive Officer. “This increase
reflects our strong balance sheet and steady long-term production
profile – and our equally strong conviction that we can continue to
generate superior returns while investing in the next generation of
Newmont mines.”
The declaration and payment of future quarterly 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.
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, without limitation, statements or
expectations regarding future dividend payments, future balance
sheet strength, future production, future investments, and future
shareholder value and returns. Investors are cautioned that
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, gold price fluctuations
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 forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20180220005651/en/
Newmont Mining CorporationInvestor
ContactJessica Largent,
303.837.5484jessica.largent@newmont.comMedia
ContactOmar Jabara, 303.837.5114omar.jabara@newmont.com
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