Lucara introduces progressive dividend

Lucara Diamond Company has announced that in 2016 the company is introducing a progressive dividend with the aim to maintain or increase the Canadian (CDN) dollar dividends per share on an annual basis.

The dividends will be paid on a quarterly basis. The Company has declared a first quarter dividend of CDN 1.5 cents per share. The dividend is expected to be paid on March 31, 2016 to holders of securities on the record of the Company’s common shares at the close of business on March 18, 2016.

The Company anticipates that it will declare a further three payments of CDN 1.5 cents per share in 2016 at the end of each quarter for a total yearly dividend of CDN 6 cents per share however the declaration of all future dividends each quarter remains the discretion of the Board of Directors and is subject to the requirements of the company’s dividend policy.