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Kirkland Lake Gold hikes dividend by 50%

Toronto-based Kirkland Lake Gold Ltd. declared a quarterly dividend of 6 U.S. cents per share, a 50% increase from the previous dividend of 4 cents per share.

The increased dividend will be paid Jan. 13, 2020, to shareholders on record as of Dec. 31, the company said in a Dec. 16 release.

In late November, Kirkland Lake Gold agreed to acquire midtier Canadian gold producer Detour Gold Corp. in an all-share deal valued at C$4.9 billion.