Dundee Precious Metals Increases Quarterly Dividend by 33%
Dundee Precious Metals Increases Quarterly Dividend by 33%
Toronto, Ontario, February 17 , 202 2 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of “the
Company”) today announced that i ts Board of Directors has declared a first quarter dividend of US$0.04
per common share, representing a 33% increase to its quarterly dividend.
“The increase to our quarterly dividend reflects our continued strong free cash flow generation, balance
sheet strength, and our commitment to delivering superior returns to our shareholders through disciplined
capital allocation,” said David Rae, President and Chief Executive Officer. “In 2021, we returned a total of
$33 million of capital to shareholders between dividends and share repurchases, representing 13% of our
free cash flow , and we are now further increasing our dividend reflecting our positive outlook for the
business.”
The dividend is payable on April 18, 2022 to shareholders of record as at 5:00 p.m. Toronto local time on
March 31, 2022.
Shareholders may elect to receive their dividend in US or Canadian dollars by contacting their broker or,
where applicable, Computershare Investor Services Inc., the Company’s registrar and transfer agent. If no
election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be
paid U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the
spot exchange rate on April 8, 2022.
This dividend qualif ies as an “eligible dividend” for Canadian income tax purposes. Dividends pa id to
shareholders that are non-residents of Canada are generally subject to withholding tax unless reduced in
accordance with the provisions of an applicable tax treaty.
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and
projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources
and generate value to thrive and growth together. This overall purpose is supported by a foundation of core
values, which guides how the Company conducts its business and informs a set of complementary strategic
pillars and objectives related to ESG, innovation, optimizing our exist ing portfolio, and growth. The
Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its
stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
2
Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177