Dividend

A core value for the Company is to return cash to shareholders.  Mandalay Resources pays a quarterly dividend of 6% of the trailing quarter’s gross revenue. See below a table of the Company’s payments since the dividend was first instituted.

Amount ($C) Declaration Date Record Date Payment Date
0.01 Nov. 8, 2012 Nov. 20, 2012 Dec. 5, 2012
0.01 Feb. 20, 2013 Mar. 7, 2013 Mar. 14, 2013
0.00769 May 14, 2013 May 24, 2013 May 31, 2013
0.0069 Aug. 8, 2013 Aug. 19, 2013 Aug. 26, 2013
0.0097 Nov. 5, 2013 Nov. 15, 2013 Nov. 25, 2013
0.0077 Feb. 18, 2014 Feb. 28, 2014 Mar. 10, 2014
0.0074 May 5, 201 May 16, 2015 May 25, 2015
 0.0086 Aug. 6, 2014  Aug. 18, 2014  Aug. 28, 2014
 0.0058 Nov. 6, 2014 Nov. 17, 2014 Nov. 27, 2014
0.0121 Feb. 17, 2015 Feb. 27, 2015 Mar. 09, 2015
0.0101 May 12, 2015 May 22, 2015 Jun. 01, 2015
0.0098 Aug. 5, 2015 Aug. 17, 2015 Aug. 27, 2015
 0.0083 Nov. 5, 2015 Nov. 16, 2015 Nov. 26, 2015
 0.0088 Feb. 17, 2016 Feb. 29, 2016 Mar. 10, 2016
 0.0094 May 11, 2016 May 24, 2016 Jun. 3, 2016
 0.0094 Aug. 11, 2016 Aug. 22, 2016 Sept. 1, 2016
 0.0086 Nov. 2, 2016 Nov. 14, 2016 Nov. 24, 2016

 

Pursuant to tax legislation, Canadian resident individuals who receive “eligible dividends” will be entitled to an enhanced gross-up and dividend tax credit on such dividends. Mandalay has designated that all dividends paid by Mandalay are “eligible dividends” for these purposes.