First Quantum Minerals Dividend Policy and History

Overview

First Quantum Minerals Ltd. (FM) is a Canadian mining company engaged in the exploration, development, and production of base and precious metals. The company has a diverse portfolio of operations in various countries, including Zambia, the Democratic Republic of Congo, Panama, Turkey, and Mauritania.

Dividend Policy

First Quantum Minerals implemented its dividend policy in 2005. The policy outlines the company's commitment to returning capital to shareholders through regular dividend payments. According to the policy, the company aims to pay two dividends per year, with the first being an interim dividend and the second being a final dividend.

Dividend Yield and History

The current dividend yield for First Quantum Minerals is 13.5%, which is significantly higher than the average yield for the mining sector. The company has a history of paying consistent dividends, even during periods of economic downturn.

Dividend Payments

First Quantum Minerals has made a total of 37 dividend payments since implementing its dividend policy in 2005. The sum of all dividends adjusted for stock splits is approximately $3.7 billion.

Upcoming Dividend Payment

The company's next dividend payment is expected to be made on May 8, 2023, to shareholders of record on April 17, 2023. The company has also established a Dividend Reinvestment and Share Purchase Plan (DRIP) that allows shareholders to automatically reinvest their dividends in additional shares of the company's stock.

Dividend Reinvestment Plan (DRIP)

First Quantum Minerals offers a DRIP that allows shareholders to automatically reinvest their dividends in additional shares of the company's stock. This plan can be a convenient way for shareholders to increase their ownership in the company and benefit from the potential long-term growth of its stock price.