BRITISH COLUMBIA

Nevsun Resources raising dividend by 40 per cent with next semi-annual payout

05/16/2013 08:34 EDT | Updated 07/16/2013 05:12 EDT
VANCOUVER - Nevsun Resources Ltd. (TSX:NSU) is increasing its semi-annual cash dividend by 40 per cent, starting with the summer payout.

The Vancouver-based mining company's dividend, to be paid in U.S. currency on July 15, will rise by two cents to seven cents per share.

Based on the Wednesday closing price for Nevsun stock, the dividend's annual yield would be about four per cent.

Nevsun's main asset is the Bisha mine which produces gold, silver, copper and zinc. The mine is in eastern Africa.