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Stock impact report

Silvercorp Declares Increased Dividend

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, May 28, 2018 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX:SVM) (NYSE AMERICAN:SVM) today announced that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 8, 2018, with a payment date of the dividend scheduled on or before June 29, 2018.  In November 2016, in light of improved operations, financial results, and a growing cash position, the Company re-instated dividends, declaring a semi-annual dividend of CAD$0.01 per share (CAD$0.02 per share on an annual basis).  In May 2017, the Company slightly increased the dividend by making the payment in U.S. funds rather than Canadian funds. The current 25% increase of the dividend marks the third time in three years that the Company has rewarded shareholders by increasing the payment of dividends.  The dividends are considered eligible dividends for Canadian tax purposes. Th Show less Read more
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