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DYNACOR DECLARES THIRD QUARTERLY DIVIDEND PAYMENT
Dynacor Gold Mines Inc.'s quarterly dividend payment of one cent per common share is payable on April 3, 2019, to shareholders of record as of the close of business on March 20, 2019. The payment represents the third quarterly dividend payment made to shareholders. The corporation's quarterly dividend qualifies as an eligible dividend for Canadian income tax purposes.
The declaration and payment of dividends are at the discretion of the board and will depend on the corporation's financial results, cash requirements, prospects and other factors deemed relevant by the board.
Dynacor's cash return to shareholders
Dynacor's strategy to return cash to shareholders includes both the quarterly dividend payments, which the board approved in 2018, together with an active normal course issuer bid program.
Since inception, Dynacor has paid dividends to its shareholders amounting to two cents per share. As of April 23, 2018, the normal course issuer bid initiation date, the corporation has repurchased 747,575 common shares for a total cash consideration of $1,275,270.
About Dynacor Gold Mines Inc.
Dynacor is a dividend-growth gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from small-scale artisanal miners. At present, Dynacor produces and explores in Peru, where its management team has decades of experience and expertise. In 2018, Dynacor finished with 81,314 ounces of gold production, a yearly best and a 1.8-per-cent increase as compared with 2017 (79,897 ounces).
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