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Stocks in play: Alamos Gold Inc.

Baystreet.ca
·1 min read

Has declared a quarterly dividend of $0.015 U.S. per common share and introduced a Dividend Reinvestment and Share Purchase Plan. As announced in December 2019, the Company has increased its quarterly dividend by 50% to an annual rate of US$0.06 per common share. The increase is a reflection of the Company’s strong free cash flow outlook with the lower mine expansion at Young-Davidson on track to be completed in June 2020. This represents the Company’s 11th consecutive year of paying a dividend during which time the Company has returned $161 million to shareholders through dividends and share buybacks. Alamos Gold Inc. shares T.AGI are trading up $0.54 at $8.46.

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