Barrick Gold Inc (GOLD)

[GE_Jim]

Barrick Confirms Per Share Distribution Amount For Second $250M Return Of Capital Tranche
Today 8:08 AM ET (Benzinga)Print
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the second $250 million tranche of a return of capital distribution totalling $750 million to be paid on September 15, 2021, will be $0.1405092, based on the number of issued and outstanding shares as of the August 31, 2021 record date.

This follows the approval by shareholders at Barrick's Annual and Special Meeting on May 4, 2021 of the total $750 million return of capital distribution. The first distribution of $250 million was made in June 2021 and the third distribution of $250 million is expected to be effected to shareholders of record on a date to be determined in November 2021.

On September 15, 2021, Barrick will also pay a previously declared dividend of $0.09 per share for the second quarter of 2021 to shareholders of record at the close of business on August 31, 2021.1

"This second tranche of the $750 million return of capital, in addition to our $0.09 per share quarterly dividend, shows Barrick's commitment to providing our shareholders with one of the leading returns in the industry while continuing to invest in the future growth and development of our assets," said senior executive vice-president and chief financial officer Graham Shuttleworth. "After the distributions on September 15th, Barrick will have paid nearly $1 billion in overall returns in 2021, including the shareholder friendly return of capital, reflecting the strength of our balance sheet and cash flows."