Gold Bullion International today announced a new service available to dividend-paying, publicly-traded companies, offering shareholders the opportunity to accept their dividends in physical precious metals.
Called The GBI Physical Dividend Program, the service will be available to all publicly-traded companies who pay dividends to their shareholders.
Gold Resource Corporation GORO is the first company to participate in the program, announcing today that its shareholders will have the ability to accept their dividend, payable April 23, 2012, to shareholders of record on April 10, 2012, in physical gold or silver instead of cash.
"There is an increasing demand by both institutional and retail investors to own physical precious metals," said Savneet Singh, GBI's chief executive officer. "The program we announced today makes this a seamless and simple process for listed companies and their shareholders."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in