Barrick Confirms Per Share Distribution Amount for the Third $250 Million Return of Capital Tranche
Today 6:30 AM ET (GlobeNewswire)Print
All amounts expressed in US dollars
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the third and final $250 milliontranche of a return of capital distribution totalling $750 million to be paid on December 15, 2021 will be $0.1405058, based on the number of issued and outstanding shares as of the November 30, 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.
On December 15, 2021, Barrick will also pay a previously declared dividend of $0.09 per share for the third quarter of 2021 to shareholders of record at the close of business on November 30, 2021.
"The payment of the $750 million return of capital distribution over the course of 2021, along with our quarterly dividend payments, will result in a total cash return to shareholders of approximately $1.4 billion during the year, which represents the highest annual cash payout to shareholders in Barrick's history," said senior executive vice-president and chief financial officer Graham Shuttleworth. "Even after these record annual distributions, our balance sheet remains exceptionally strong as a result of our robust operational and financial performance, leaving Barrick in a position to maintain our commitment to provide our shareholders with meaningful returns while continuing to invest in our future growth and development."
