Metalla’s board of directors has approved and declared monthly cash dividends on its common shares (subject to any applicable tax withholding obligations). The monthly record and payment date is set out in the table below starting in January 2018, and will be made to shareholders of record as set out below. The Company plans to expand this dividend over the calendar year of 2018, with the goal of paying out 50% of its after tax and G&A operating cash flow. It is the intention of the Company that the dividend amount will be linked to the gold and silver price and operating cash flow the Company’s royalties and streams generate. It will be adjusted quarterly to represent any new cash flowing assets currently under development and to reflect any changes in the gold and silver price.
DIVIDEND SCHEDULE 2019 | DIVIDEND SCHEDULE 2018
|Month||Record Date||Payment Date||Payment Amount ($CAD)|
|January⁽¹⁾||January 2, 2019||January 15, 2019||$0.0015|
|February⁽¹⁾||February 1, 2019||February 15, 2019||$0.0015|
|March⁽¹⁾||March 1, 2019||March 15, 2019||$0.0015|
|April⁽¹⁾||April 1, 2019||April 15, 2019||$0.0015|
|May⁽¹⁾||May 1, 2019||May 15, 2019||$0.0015|
|June⁽¹⁾||June 3, 2019||June 17, 2019||$0.001|
|July⁽¹⁾||July 2, 2019||July 15, 2019||$0.001|
|August⁽¹⁾||August 1, 2019||August 15, 2019||$0.001|
⁽¹⁾ Eligible dividend pursuant to the Income Tax Act (Canada).
In the first half of the calendar year 2020, and assuming compliance with all applicable securities laws, the Company plans to offer a Dividend Reinvestment Plan (“DRIP”) once it reaches certain requirements to efficiently provide the DRIP to all of its shareholders globally.