Canadian Mining Journal


GOLD: Goldcorp abandons monthly dividend

VANCOUVER – Goldcorp has abandoned the monthly dividend payments it has made since it was founded in favour of a quarterly disbursement beginning in June 2016. At the same time the annual dividend is reduced to US$0.08 per share, to be made in four equal payments.

Goldcorp intends to have a dividend reinvestment plan in place by June. Such a plan will allow shareholders to reinvest their cash dividends in additional common shares issued at a 3% discount to the average market price calculated at the time of the dividend payment.

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