Goldmoney Gold Linked Dividend Record Date is Tomorrow August 20

GoldmattersGoldmatters Posts: 4,068 Admin
Goldmoney has implemented at gold linked dividend.

Read the Press Release:

https://www.goldmoney.com/corporate/news/goldmoney-inc-reports-financial-results-for-first-quarter-2020-and-announces-a-new-gold-linked-dividend-policy

As a reminder, according to the PR, the record date is August 20... tomorrow.

From the PR:

“The dividend for this first quarter of 2020 is $0.003215 per share. The dividend will be paid on August 27, 2019 to shareholders of record on August 20, 2019.”

“Going forward, the Company will implement quarterly dividends (the “Gold Linked” dividends) which will be “Linked” to a benchmark price of gold set at US$1,500 per gold ounce. The aggregate dividend payment during each quarter will rise or fall by the same percent as the percentage change of the average daily closing gold price for the quarter against the Linked price. For example, if the average of the quarter’s daily closing price were US$1,650, which is 10% above the Linked price, the total aggregate cash value of the dividend for the quarter would increase by 10%. Assuming a US dollar gold price of US$1,500 per ounce, the annual dividend payment will be approximately $1 million, representing about a 0.65% yield to our current market cap.”


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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