Newmont Declares Fourth Quarter 2019 Dividend of $0.14 per Share
February 18 2020 - 7:55AM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the
Company) today announced that its Board of Directors declared a
quarterly dividend of $0.14 per share of common stock, payable on
March 19, 2020, to holders of record at the close of business on
March 5, 2020.
As previously announced, the Company plans to significantly
increase its quarterly dividend by 79 percent to $0.25 per share,
or an expected $1.00 per share annually, which will become
effective upon approval and declaration of the first quarter
dividend in April 2020.
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.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. Newmont is the only gold producer listed in the S&P 500
Index and is widely recognized for its principled environmental,
social and governance practices. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical proficiency. Newmont was founded in 1921
and has been publicly traded since 1925.
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. Forward-looking statements
often contain words such as “expect,” “intend,” “plan,” and “will.”
Such forward-looking statements may include, without limitation,
statements or expectations regarding future dividend payments,
future balance sheet strength, future production, future cash
flows, future share repurchases 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 planned dividend increase reflects
management’s expectations. However, 2020 dividends have not yet
been approved or declared by the Board of Directors. 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 dividend plans at any
time without prior notice. With respect to the stock repurchase
program, investors are reminded that the extent to which the
Company repurchases its shares, and the timing of such repurchases,
will depend upon a variety of factors, including trading volume,
market conditions, legal requirements, business conditions and
other factors. As such, no guarantees can be made with respect to
the impact of the program. The repurchase program may be
discontinued at any time, and the program does not obligate the
Company to acquire any specific number of shares of its common
stock. As such, no guarantees can be made with respect to the
impact of the authorized program. Investors should not place undue
reliance on forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218005303/en/
Media Contact Omar Jabara
303.837.5114 omar.jabara@newmont.com
Investor Contact Jessica Largent
303.837.5484 jessica.largent@newmont.com
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