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Thursday, August 5, 2010

Kinross Gold (NYSE:KGC) Board Declares Dividend

The Board of Directors of Kinross Gold (NYSE:KGC) (TSE:K) declared a dividend of 5 cents a share, the same dividend the gold miner has paid since September, 2009.

The semi-annual dividend, is payable on September 30 to shareholders of record at the close of business on August 31.

Joining other gold miners looking to expand their investor base by increasing dividends, Kinross last raised the dividend in September 2009 from 4 cents to 5 cents, where it remains after this declaration.

Kinross recently made a friendly offer to acquire the rest of Red Back Mining (TSE:RBI) they don't own, costing about $7 billion for the remainder of the company.

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