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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (22615)	10/22/2003 3:17:23 AM
From: Andrew	Read Replies (1) \| Respond to of 39344

Goldcorp Inc (2) (C-G) - News Release Goldcorp increases dividend by 20 per cent Goldcorp Inc (2) G Shares issued 182,709,874 Oct 20 2003 close $ 19.30 Tuesday October 21 2003 News Release Mr. Chris Bradbrook reports GOLDCORP INCREASES DIVIDEND AGAIN -- BY 20% Goldcorp intends to increase its total annual dividend payment by 20 per cent to 18 U.S. cents per share from 15 U.S. cents per share. The frequency of the dividend payments will also increase from six times to 12 times per year, that is, dividends will now be paid monthly. Year to date, 2003 shareholders have received five bimonthly payments of 2.5 U.S. cents per share for a total of 12.5 cents per share. The intention is that during the remainder of 2003 shareholders will receive two additional monthly dividend payments of 1.5 U.S. cents per share. The first of these will be declared in the near future. The first full year of monthly dividend payments will be 2004. Goldcorp believes that gold is in a bull market and has continued to state its intention to increase its dividend payment as the gold price rises. With the gold price now recently reaching levels not seen in more than seven years, the company is extremely pleased to be able to deliver on this promise. Dividend payments were initiated in February, 2001, after the Red Lake mine successfully began commercial production. Since that time Goldcorp has increased the dividend payment four times for a total increase of 260 per cent. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com