Information regarding our dividends.
Dividend policy
As disclosed on 31 July, following the successful completion of the previous policy, Endeavour is implementing a new shareholder returns policy, to reflect its transition from a phase focused on investment, to one focused on cash flow generation. The new shareholder returns policy is comprised of a minimum dividend of $210.0 million and $225.0 million for FY-2024 and FY-2025 respectively, that is expected to be supplemented with additional dividends and share buybacks.
The minimum dividend is expected to be paid semi-annually, provided that the prevailing gold price for the dividend period is at, or above, $1,850/oz and the Company has a healthy financial position.
Supplemental returns are expected to be paid in the form of dividends and opportunistic share buybacks if the gold price exceeds $1,850/oz and if the Company has a healthy financial position.
Latest dividend information
H1-2024 Dividend
Endeavour is pleased to declare a dividend of $100.0 million or $0.41/sh. The ex-dividend date for the H1-2024 dividend is for LSE shareholders is 12 September 2024 and for TSX shareholders is 13 September. The record date is 13 September 2024. The dividend will be paid on or about 10 October 2024 (the “Payment Date”).
The ex-dividend date for the H1-2024 dividend is for LSE shareholders is 12 September 2024 and for TSX shareholders is 13 September. The record date is 13 September 2024.
The H1-2024 dividend will be paid on or about 10 October 2024 (the “Payment Date”).
Currency elections and elections under the Company's dividend reinvestment plan ("DRIP") must be made by shareholders prior to 17:00 GMT on 19 September 2024.
Dividends will be paid in the default or elected currency on the Payment Date, at the prevailing USD:CAD and USD:GBP exchange rates on 23 September 2024.
This dividend does not qualify as an “eligible dividend” for Canadian income tax purposes. The tax consequences of the dividend will be dependent on the particular circumstances of a shareholder.
Dividends will be paid in the default or elected currency on the Payment Date, at the prevailing USD:CAD and USD:GBP exchange rates on 23 September 2024.
Timetable
| Dividend for H1-2023 | Date |
| Ex-dividend date (LSE shareholders) | 12 September 2024 |
| Ex-dividend date (TSX shareholders) | 13 September 2024 |
| Record date | 13 September 2024 |
| Final currency and drip election date | 19 September 2024 |
| Payment date | 10 October 2024 |
Distribution Reinvestment Plan
Endeavour offers shareholders the opportunity to use their cash dividend to purchase Endeavour Mining plc shares through a special dealing arrangement known as the ‘Dividend Reinvestment Plan’ (‘DRIP’). Participation in the DRIP is optional and available to shareholders, subject to local law, who hold shares on the London Stock Exchange or on the Toronto Stock Exchange.
In accordance with the DRIP, Computershare will use cash dividends payable to participating shareholders to purchase common shares in the open market on the Toronto Stock Exchange and the London Stock Exchange at the prevailing market price.
If you wish to join the DRIP the last election date for participation in the H1-2024 DRIP will be 17:00 GMT on 19 September 2024. The Drip Enrollment form is available in the table at the bottom of the page. Please note, if a LSE holder makes a partial DRIP election for shares, then the dividend for the remaining shares will be paid in Pound Sterling.
If you hold shares on the London Stock Exchange, to join the DRIP please contact our registrar Computershare UK:
On the shareholder helpline: +44 (0) 370 703 6179 between 8:30am and 5:30pm, Monday to Friday (excluding bank holidays) to obtain an enrolment form for completion.
The terms and conditions of the DRIP and option to sign up to the DRIP are also available at:
If you hold shares on the Toronto Stock Exchange, to join the DRIP please contact our registrar Computershare Canada:
The terms and conditions of the DRIP and option to sign up to the DRIP are also available at:
Computershare Investor Centre – Canada – Endeavour Mining
For enquiries, please contact our toll-free investor hotline: 1-800-564-6253 between 9:00am and 6:00pm ET
Key documents
| Title | Document |
|---|---|
| Canada DRIP Enrollment Form | View |
| Canada - DRIP Terms & Conditions | View |
| UK DRIP Enrollment Form | View |
| UK - DRIP Terms & Conditions | View |
| DRIP Circular | View |
| Canada DRIP Fee Schedule | View |
| DRIP Plan Services Agreement | View |
| Combined FATCA & CRS form - Entities | View |
| Combined FATCA & CRS form - Individual | View |
| Corporate Resolution English | View |
| FATCA Cover Letter | View |
| Title | Document |
|---|---|
| Canada DRIP Enrollment Form | View |
| Canada - DRIP Terms & Conditions | View |
| UK DRIP Enrollment Form | View |
| UK - DRIP Terms & Conditions | View |
| DRIP Circular | View |
| Canada DRIP Fee Schedule | View |
| DRIP Plan Services Agreement | View |
| Combined FATCA & CRS form - Entities | View |
| Combined FATCA & CRS form - Individual | View |
| Corporate Resolution English | View |
| FATCA Cover Letter | View |
Dividend history
The previous shareholder returns policy was implemented in June 2021 and was comprised of a minimum progressive dividend set at $125.0 million, $150.0 million and $175.0 million for FY-2021, FY-2022 and FY-2023 respectively, with the ability to provide further supplemental returns through additional dividends and share buybacks.
Over the shareholder returns policy period, Endeavour returned $903.0 million to shareholders, equivalent to $211 dollars for every ounce produced, including $600.0 million of dividends and $303.0 million of share buybacks, which was 78% above the minimum commitment, reiterating Endeavour’s commitment to paying supplemental returns.