On November 11, 2014, the Board of Directors approved a monthly dividend of $0.02 per share on the common shares of the Company, payable on December 19, 2014 to shareholders of record on December 12, 2014. The dividend continued on a monthly basis since that time until the Board of Directors approved the cessation of the Company’s dividend on August 8, 2017. More information regarding the suspension can be found in the Company’s August 8 press release here.
Dividend Reinvestment Plan
In August 2016, Tahoe’s Board of Directors approved the introduction of a dividend reinvestment plan (“DRIP”) effective October 20, 2016 that allowed eligible shareholders to elect to purchase additional common shares of Tahoe by reinvesting their cash dividends. Participation in the DRIP was optional and did not affect the cash dividends of shareholders electing not to participate in the DRIP. The DRIP was suspended on August 8, 2017 in conjunction with the cessation of the Company’s monthly dividend. More information regarding the suspension can be found in the Company’s August 8 press release here.
The Company may wish to reactivate the DRIP, subject to regulatory approval, at a future date. During the period of suspension of the DRIP, participants may continue to have their existing reinvested common shares held in the DRIP, or they may request a withdrawal by contacting Computershare.