May 5, 2010 / 12:46 PM / in 8 years

UPDATE 1-Yamana Gold raises quarterly dividend by 50 percent

* Says raises dividend to $0.015 from $0.01

* Effective from Q2

May 5 (Reuters) - Canadian miner Yamana Gold (YRI.TO) on Wednesday said it raised its quarterly dividend by 50 percent.

The company raised its dividend to 1.5 cents from 1 cent, payable July 14, to shareholders of record June 30.

    On Monday, Yamana Gold had said its first-quarter revenue jumped 62 percent on higher gold prices and rising production, but profit eased due to a huge foreign exchange gain in the year-before period. [ID:nN03229401]

    Shares of the company, which has assets in Chile, Argentina, Brazil, Mexico and Honduras, closed at C$10.78 Tuesday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Maju Samuel) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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