Lucara Diamond Corp. (TSX:LUC) announced its first 2014 Exceptional Stone Tender, commenting that it will be made up of 20 diamonds weighing 1,191.71 carats altogether.
The company also said that its board of directors has approved a dividend policy that will provide for the payment of semi-annual dividends.
As quoted in the press release:
The Board has also approved the issuance, from time to time, of a special dividend based on revenues generated from Exceptional Stone Tenders, subject to the Company’s overall financial position and other factors existing at the time under consideration. The Board intends to declare in May its first semi-annual dividend of $0.02 per share for payment in June. This proposed dividend payment and the payment of any cash dividend under the policy is subject to the Board’s determination at the appropriate time that the declaration of a dividend is in the best interests of Lucara and Lucara’s shareholders and is in compliance with all laws and agreements of Lucara applicable to the declaration and payment of cash dividends.