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Lucara dividends continue despite income drop

Lucara Diamond Corp (TSX:LUC) has declared its third quarterly dividend for the year of C2.5c (US1.9c) even after revenues fell in the June quarter.

Lucara dividends continue despite income drop Lucara dividends continue despite income drop Lucara dividends continue despite income drop Lucara dividends continue despite income drop Lucara dividends continue despite income drop

Diamond recoveries from the Karowe mine in Botswana increased in the June quarter, although sales dropped

The dividend was at a premium to Lucara's current share price, which closed at 2.17c Wednesday.

It is planned to be paid on September 20 to shareholders on record on September 7.