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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Centerra Gold Inc.    CG   CA1520061021

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Centerra Gold : Announces Quarterly Dividend of C$0.04 per Share

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07/27/2016 | 01:35am CEST

TORONTO, ON --(Marketwired - July 26, 2016) - Centerra Gold Inc. (TSX: CG) announced today that its Board of Directors has authorized a quarterly dividend of C$0.04 per common share or C$9,686,571 (approximately US$7.3 million at the current exchange rate). The dividend of C$0.04 per common share is payable on August 25, 2016 to shareholders of record on August 11, 2016. The ex-dividend date will be August 9, 2016.

The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra's dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time to time based on, among other things, the Company's operating results, cash flow and financial conditions, Centerra's current and anticipated capital requirements, and general business conditions.

About Centerra

Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets worldwide. Centerra is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.

Additional information on Centerra is available on the Company's web site at www.centerragold.com and at SEDAR at www.sedar.com.



Attachment Available: http://www.marketwire.com/library/MwGo/2016/7/26/11G108203/26-Q2-Dividend-final-b41a42cdb627a430a893bc6ef0b3f0c8.pdf


FOR FURTHER INFORMATION PLEASE CONTACT:


For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Email contact: https://go.marketwire.com/Public/InformationRequestForm.aspx?id%3dxXcdoXOGgKj%2fjUUWmA4f%2bg%3d%3d%26contact%3dXrViLs6QtKXWkPVefLtJb0RivKNGRP1WHoRfyK%2bKIb4%3d




Source: Centerra Gold Inc.

© Marketwire - Canada, source Press Releases - English

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Financials ($)
Sales 2016 701 M
EBIT 2016 211 M
Net income 2016 137 M
Debt 2016 -
Yield 2016 2,37%
P/E ratio 2016 11,38
P/E ratio 2017 7,61
Capi. / Sales 2016 1,94x
Capi. / Sales 2017 1,82x
Capitalization 1 364 M
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Mean consensus HOLD
Number of Analysts 7
Average target price 7,01 $
Spread / Average Target 24%
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NameTitle
Scott Graeme Perry Chief Executive Officer & Director
Frank H. Herbert President
Stephen A. Lang Non-Executive Chairman
Gordon D. Reid Chief Operating Officer & Vice President
Darren J. Millman Chief Financial Officer & Vice President
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