Lundin Gold ( (TSE:LUG) ) just unveiled an update.
Lundin Gold has revised its dividend policy by introducing a new variable component alongside its fixed quarterly dividend, and has announced a special dividend of US$0.41 per share, totaling approximately US$100 million. This move, driven by increased gold prices and a strong financial position, aims to enhance shareholder returns while maintaining funds for exploration and growth opportunities.
More about Lundin Gold
Lundin Gold Inc. operates in the mining industry, primarily focusing on the extraction and production of gold. The company is known for its operations in Ecuador and is listed on multiple stock exchanges, including TSX, Nasdaq Stockholm, and OTCQX.
Average Trading Volume: 259,654
Current Market Cap: SEK103.4B
For an in-depth examination of LUG stock, go to TipRanks’ Stock Analysis page.