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Dynacor Holds Monthly Dividend at C$0.01333 for September
Dynacor holds its September dividend at C$0.01333 per share, payable Sept. 17. The gold ore processor keeps its annualized payout at C$0.16 as bullion prices stay elevated.
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Dynacor Group Inc. (TSX: DNG) will pay its September dividend of C$0.01333 per share on Sept. 17 to shareholders of record as of Sept. 9. The payment holds the monthly rate steady, keeping the annualized payout at C$0.16 per share.
The Montreal-based ore processor said the dividend qualifies as an "eligible dividend" for Canadian income tax purposes. The board retains discretion over future payments, which will hinge on financial results, cash requirements and other factors, the company said in a release.
Dynacor buys ore from artisanal miners and processes it at its Veta Dorada plant in Peru, selling the output to luxury jewellers under its PX Impact® brand. The company has been expanding in West Africa and elsewhere in Latin America.