(All amounts are in U.S. dollars unless otherwise indicated)
TORONTO, March 25, 2013 /PRNewswire/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") today announced that its Board of Directors has declared the Company's initial quarterly dividend payment of $0.04 per share for the first quarter ended March 31, 2013, payable on April 18, 2013 to shareholders of record at the close of business on April 4, 2013.
AuRico Dividend Policy
As previously announced on February 21, 2013, AuRico's Board of Directors approved a dividend policy as described below:
- In 2013, the Company intends to pay an annual dividend of $0.16 per common share (payable quarterly); and
- In subsequent years, the quarterly dividend will be linked to operating cash flow 1 ("OCF"), whereby the Company intends to pay out 20% of the OCF generated in the preceding quarter divided by the Company's outstanding common shares at the time the dividend is approved.