Caledonia Mining Corporation “Declare Dividend number 11”

Caledonia Mining Corporation  today told DirectorsTalk that the Board of Directors has declared Dividend Number 11, this being a dividend of one and one eighth United States cents (US$0.01125) on each of theCompany‘s common shares held at 5pm, Toronto time on the record date.  

The relevant dates relating to the dividend are as follows:

·     Ex-dividend date for shares held on the Toronto register:  January 13, 2016

·     Ex-dividend date for shares held on Crest in the UK: January 14, 2016

·     Record date: January 15, 2016

·     Dividend cheque mailing date: January 29, 2016

Shareholders who are registered in Canada and the United Kingdom will be paid in Canadian Dollars and Sterling, respectively.  The Canadian Dollar and Sterling dividend payments will be calculated using the relevant Bank of Canada exchange rates at noon on the Record Date. 

 

Caledonia’s Revised Dividend Policy

Caledonia’s strategy to maximize shareholder value includes a quarterly dividend policy. In 2014, the Company paid an annual aggregate dividend of six Canadian cents ($0.060) per common share.  The first quarterly dividend was paid on January 31, 2014 and subsequent quarterly dividends were paid at the end of April, July and October 2014 and at the end of January, April, July and October 2015. 

On December 16, 2015 Caledonia announced that henceforth it will report its financial results in United States Dollars, commencing with the results for the quarter and 12 months to December 31, 2015 which will be released at the end of March 2016.  The dividend to be paid at the end of January 2016 is therefore declared and denominated in United States Dollars. The quarterly dividend of 1.125 United States cents is Caledonia’s revised dividend policy and represents an annual dividend of 4.5 United States cents per annum. 

It is currently envisaged that the existing dividend policy of 4.5 United States cents per annum, paid in equal quarterly instalments will be maintained.  Caledonia will continue to maintain its strong financial position so that it can implement its stated growth strategy without the need to raise third party finance.

 

Proposed re-domicile from Canada to Jersey, Channel Islands

On December 21, 2015 Caledonia announced its intention to seek shareholder approval to re-domicile the Company from Canada to Jersey, Channel Islands.  As Caledonia will still be Canadian-domiciled when this ninth quarterly dividend is paid, it will be paid after deduction of Canadian withholding tax and any other taxes that may apply.  If shareholders approve the re-domicile from Canada to Jersey and the re-domicile is subsequently implemented, it is anticipated that all future dividends will be paid without the deduction of Canadian withholding tax.   

 

This dividend is an eligible dividend for the purposes of theIncome Tax Act (Canada).

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Caledonia Mining Corporation

More articles like this

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Precious metals rally as U.S. dollar extends losses

Gold prices climbed more than 1% to their highest levels in a week on Tuesday and other precious metals also rallied on the back of a sliding dollar, as markets remained focused on the Federal Reserve’s

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Solar power at Caledonia’s Blanket Mine in Zimbabwe

Unstable and unreliable power supply behind the decision to construction the 12.2MW solar power plant at Caledonia’s Blanket Mine Caledonia Mining Corporation, the Jersey-headquartered gold producer, has said that a new solar plant at its Blanket

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold prices inch higher

Gold prices edged up on Monday and hovered near the key $1,800-level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. Spot gold XAU= rose 0.1% to $1,800.02 per ounce as of

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia in the community

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Q3 2022 results presentation

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining releases new corporate video

Caledonia Mining Corporation Plc (LON:CMCL) has announced that a new corporate video is available on the Company website. Additionally, a video covering Caledonia’s Corporate Social Responsibility initiatives and work within the community is also now available.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining launches massive solar power plant

Victoria Falls stock exchange listed gold producer, Caledonia Mining corporation, has erected a solar power plant at Blanket Mine which began generating power yesterday, to hedge itself from electricity challenges that are gripping the country. The

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining gross revenues up 21% to $107.9 million

Caledonia Mining Corporation Plc (LON:CMCL) has announced its operating and financial results for the quarter and the nine months ended September 30, 2022 (the “Quarter” and “Nine Months” respectively).  Further information on the financial and operating results for the

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia buys Motapa mining company

Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has bought Motapa Mining Company UK, whose gold claims sit next to Bilboes in southern Zimbabwe. Caledonia has already agreed a deal to buy Bilboes which made Motapa claims

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining acquires Motapa gold exploration project

Caledonia Mining Corporation Plc (LON:CMCL) has announced that it has purchased Motapa Mining Company UK Limited, the parent company of a Zimbabwe subsidiary which holds a registered mining lease over the Motapa gold exploration property in Southern

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining says quarterly gold production up 11%

Caledonia Mining Corporation Plc has seen quarterly gold output rising by 11% on the back of records showing the top miner’s sustained productivity output. For the third quarter period ended September 30, 2022, gold output production

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold recovers on technical buying

Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally, although an impending oversized rate hike by the U.S. Federal Reserve limited bullion’s appeal.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia strikes an 11% increase in gold production

Caledonia Mining has announced its gold production from the Blanket Mine in Zimbabwe for the quarter ended September 30, 2022. Gold production hit a high record of 21,120 ounces, superseding a record for any quarter. The

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining set a new production record at Blanket

Caledonia Mining Corporation Plc (LON:CMCL) has announced gold production from the Blanket Mine in Zimbabwe (“Blanket”) for the quarter ended September 30, 2022.  All production numbers are expressed on a 100 per cent basis and are based