TORONTO, Aug. 5 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) announced yesterday that it has further increased its dividend. All dollar amounts are expressed in United States dollars unless otherwise specified.
The Board of Directors has approved an increase in Yamana's dividend to an annualized $0.08 per share, or $0.02 per share per quarter. This represents a 100 percent increase over the 2009 annualized dividend of $0.04 per share, or $0.01 per share per quarter and a 33 percent increase over the annualized dividend increase to $0.06 per share, or $0.015 per share per quarter announced last quarter.
The dividend increase will be in effect for the third quarter dividend, payable on Thursday, October 14, 2010, to holders of record at the close of business on Thursday, September 30, 2010. The dividend is an "eligible dividend" for Canadian tax purposes.
Yamana is committed to delivering value to shareholders including cash value by means of dividends and it will continue to periodically evaluate the dividend level as its cash flows increase.
About Yamana
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.
YRI.TO - Yamana Gold Inc Com Npv (TSX)
| Date | Open | High | Low | Last | Change | Volume | % Change |
| 08/04/10 | 9.980 | 9.980 | 9.850 | 9.930 | +0.170 | 2590721 | +1.74 % |
YRI.TO - Yamana Gold Inc Com Npv (TSX)
| Date | Open | High | Low | Last | Change | Volume | % Change |
| 08/04/10 | 9.9800 | 9.9800 | 9.8500 | 9.9300 | +0.1700 | 2590721 | +1.74% |
| Composite Indicator | |||
| Trend Spotter TM | Sell | ||
| Short Term Indicators | |||
| 7 Day Average Directional Indicator | Buy | ||
| 10 - 8 Day Moving Average Hilo Channel | Buy | ||
| 20 Day Moving Average vs Price | Buy | ||
| 20 - 50 Day MACD Oscillator | Sell | ||
| 20 Day Bollinger Bands | Hold | ||
| Short Term Indicators Average: | 40% - Buy | ||
| 20-Day Average Volume - 2580076 | |||
| Medium Term Indicators | |||
| 40 Day Commodity Channel Index | Hold | ||
| 50 Day Moving Average vs Price | Sell | ||
| 20 - 100 Day MACD Oscillator | Sell | ||
| 50 Day Parabolic Time/Price | Buy | ||
| Medium Term Indicators Average: | 25% - Sell | ||
| 50-Day Average Volume - 2987863 | |||
| Long Term Indicators | |||
| 60 Day Commodity Channel Index | Hold | ||
| 100 Day Moving Average vs Price | Sell | ||
| 50 - 100 Day MACD Oscillator | Sell | ||
| Long Term Indicators Average: | 67% - Sell | ||
| 100-Day Average Volume - 3705142 | |||
| Overall Average: | 16% - Sell | ||
YRI.TO - Yamana Gold Inc Com Npv (TSX)
| Date | Open | High | Low | Last | Change | Volume | % Change |
| 08/04/10 | 9.9800 | 9.9800 | 9.8500 | 9.9300 | +0.1700 | 2590721 | +1.74% |
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YRI.TO - Yamana Gold Inc Com Npv (TSX)
| Date | Open | High | Low | Last | Change | Volume | % Change |
| 08/04/10 | 9.9800 | 9.9800 | 9.8500 | 9.9300 | +0.1700 | 2590721 | +1.74% |
| Composite Indicator | -- Signal -- | -- Strength -- | -- Direction -- |
| Trend Spotter (TM) | Sell | Weak | Weakest |
| Short Term Indicators | |||
| 7 Day Average Directional Indicator | Buy | Minimum | Strongest |
| 10 - 8 Day Moving Average Hilo Channel | Buy | Minimum | Strongest |
| 20 Day Moving Average vs Price | Buy | Minimum | Strongest |
| 20 - 50 Day MACD Oscillator | Sell | Maximum | Weakest |
| 20 Day Bollinger Bands | Hold | Bullish | |
| Short Term Indicators Average: | 40% - Buy | ||
| Medium Term Indicators | |||
| 40 Day Commodity Channel Index | Hold | Bullish | |
| 50 Day Moving Average vs Price | Sell | Average | Weakest |
| 20 - 100 Day MACD Oscillator | Sell | Average | Strengthening |
| 50 Day Parabolic Time/Price | Buy | Weak | Strongest |
| Medium Term Indicators Average: | 25% - Sell | ||
| Long Term Indicators | |||
| 60 Day Commodity Channel Index | Hold | Bullish | |
| 100 Day Moving Average vs Price | Sell | Weak | Weakest |
| 50 - 100 Day MACD Oscillator | Sell | Minimum | Strongest |
| Long Term Indicators Average: | 67% - Sell | ||
| Overall Average: | 16% - Sell | ||
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