Newcrest Mining Limited has announced that the Board has determined to pay an unfranked final dividend of US 7.5 cents per share to be paid on Tuesday, 18 October 2016.
The dividend will be paid from conduit foreign income and will be exempt from withholding tax.
Newcrest said in a statement that shareholders who have a US dollar bank account domiciled in the US “can elect to receive funds in US dollars instead of Australian dollars or Papua New Guinea kina by providing your bank account details to our Share Registry by no later than 5:00pm on 23 September 2016, being the Election Date.”
“Payments cannot be made to a US dollar bank account that is not domiciled in the US.”
Newcrest said all shareholders who have not previously provided bank account details to the miner’s Share Registry are encouraged to do so to enable dividend payments to be made by direct credit. “Those shareholders who do not take advantage of the direct credit facility will continue to be paid their dividend by cheque.”
Source: ClassFMonline
