Goldcorp Inc. (TSX:G,NYSE:GG) announced its first monthly dividend payment for 2016. Shareholders of record at close of business on January 14, 2016 will receive $0.02 per share on January 22, 2016.
As quoted in the press release:
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.
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