Barrick Increases Dividend 40% for Q4 2019
February 12 2020 - 6:47AM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that
its Board of Directors has declared a dividend for the fourth
quarter of 2019 of $0.07 per share, a 40% increase on the previous
quarter’s dividend, payable on March 16, 2020 to shareholders
of record at the close of business on February 28, 2020.1
Senior executive vice-president and chief
financial officer Graham Shuttleworth said this was the third
dividend increase this year and reflected the excellent performance
for the year and Barrick’s profitability and financial
strength.
“The board believes the dividend increase is
justified by the significant reduction in net debt and strong
balance sheet, together with the growth in free cash flow supported
by a robust 5-year plan which we have shared with the market,” said
Shuttleworth.
“At the time the Barrick-Randgold merger was
announced, the Q3 2018 dividend was 3 cents per share, which was
subsequently increased to 4 cents for Q1 2019 after the merger,
then increased to 5 cents for Q3 2019 on the back of our strong
operating performance, and now to 7 cents for Q4. This is
consistent with the company’s stated financial and operating
objectives and in line with the commitment to shareholder returns
made when the merger with Randgold was announced on September 24,
2018.”
Enquiries:
President and chief executive officerMark Bristow+1 647 205 7694+44
788 071 1386 |
Senior executive vice-president and chief financial officerGraham
Shuttleworth+1 647 262 2095+44 1534 735 333+44 779 771 1338 |
Investor and media relationsKathy du Plessis+44 20 7557 7738Email:
barrick@dpapr.com |
Website: www.barrick.com
1 The declaration and payment of dividends is at
the discretion of the Board of Directors, and will depend on the
Company’s financial results, cash requirements, prospects, and
other factors deemed relevant by the Board.
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