June 22, 2011 / 3:34 PM / 6 years ago

CORRECTED-(OFFICIAL)-(June 21)-BRIEF-IAMGOLD increases dividend

(In June 21 item, corrects currency in second bullet point to US dollar after company clarifies)

June 21 (Reuters) - IAMGOLD Corp : * Increases dividend by 150% and provides update for Q2 2011 * Increases FY dividend by 150 percent to $0.20 per share * For the second quarter of 2011, gold production is less than expected and average cash costs are higher than expected * Says expecting improved production in the second half of the year allowing it to meet production guidance * Says gold production during the second quarter was primarily impacted by a change in mining sequence * Says change in mining sequence resulted in a lower than planned grade at the Rosebel mine in Suriname

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