Fortitude Gold initiates monthly dividend
(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.