Mr. Mark Bristow reports
BARRICK ANNOUNCES DIVIDEND FOR Q2 2019
Barrick Gold Corp.'s board of directors has declared a dividend for the second quarter of 2019 of four cents per share, payable on Sept. 16, 2019, to shareholders of record at the close of business on Aug. 30, 2019 (1).
All amounts expressed in U.S. dollars.
Chief financial officer Graham Shuttleworth said the business continues to perform well and the dividend reflects the strength and stability of the company's cash flows and is consistent with its stated financial and operating objectives.
Barrick also announced the elimination of the discount under its dividend reinvestment plan, effective Aug. 12, 2019. Accordingly, the dividend payable on Sept. 16, 2019, to shareholders of record at the close of business on Aug. 30, 2019, will not be eligible to be reinvested at a discount under the plan. During the period in which no discount applies under the plan, participants may still reinvest their cash dividends into additional common shares issued from treasury at the average market price (as defined in the plan). A copy of the amended and restated plan is available on Barrick's website.
(1) The declaration and payment of dividends are 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.
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