Goldcorp declares eleventh monthly dividend payment for 2014
Goldcorp (TSE:G) (NYSE:GG) is pleased to declare its eleventh monthly dividend payment for 2014 of $0.05 per share. Shareholders of record at the close of business on Thursday, November 20, 2014 will be entitled to receive payment of this dividend on Friday, November 28, 2014.
Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the world's fastest growing gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.