Make Kitco Your Homepage

Fortitude Gold initiates monthly dividend

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Fortitude Gold (OTCQB: FTCO) today instituted a monthly dividend of $0.02 per common share, or $0.24 annually. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

The company said that the $0.02 per common share monthly dividend for April 2021 is payable on April 30, 2021 to shareholders of record as of April 19, 2021.

"The initiation of our monthly dividend marks a company milestone,” stated CEO and President Jason Reid. "Dividends reward Fortitude Gold shareholders through monthly cash distributions and takes an initial step towards a new metric for the market to value the company based on dividend yield."

Fortitude Gold is a U.S. based gold producer. The company’s Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, with the Isabella Pearl gold mine in current production.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.